The Biden administration just released ‘stunning’ revisions to the job numbers from earlier this year.
In both February and March, the actual numbers released today were around 150,000 LESS jobs than what they reported back then:
Here’s what Cheryl Casone from Fox Business said:
“I went through and looked at revisions and they are stunning… There’s 149,000 jobs that disappeared between February and March. Those revisions…that’s why the market is jumping. …We went from 326k to 248k in February, 236k down to 165k in March.”
Tom Elliott sums up what’s going on this way: “Same routine every month: Media report headline jobs numbers are strong. More careful reporters dig into the numbers & see full-time jobs are being lost to part time, real wages are down, & earlier “strong” months are revised down. Yet the media fall for it every time.”
And that’s exactly what’s happening. Today the media is reporting that April job numbers are ‘healthy’ and ‘robust’:
BREAKING: Employers added a healthy 253,000 jobs in April, a sign the tight labor market continues to propel the U.S. economy despite stubbornly high inflation and banking industry turmoil. https://t.co/JSBy8D2A8f
— CBS News (@CBSNews) May 5, 2023
But in reality the numbers are much lower than this – the Biden admin will revise them down later and the media will barely give it a mention, if at all.
And the Biden administration will completely ignore the revisions and pretend the economy is doing very well:
Kamala Harris: "The economy is looking very good in terms of us addressing the concern that people rightly have about the cost of food, the cost of gas, and we've been able to address that in a variety of ways." pic.twitter.com/c66OAuF1ZS
— RNC Research (@RNCResearch) May 5, 2023
The cost of food and gas are still high and yet these liars continue to spread their lies with no pushback from the media.