News Summary

• Since the government wiped out 439,000 jobs after the fact, the total percentage of jobs created by the government last year is even higher..
• In reality, the economy under President Biden “added back” all the jobs lost in the pandemic and has “created” 4.86 million jobs since February 2020..
• That’s a ho-hum result.Plus, the economy “added back” all the manufacturing jobs lost in the pandemic and “created” 201,000 manufacturing jobs..
• But economists and market analysts have pointed out those were jobs the U.S. economy clawed back after pandemic shutdowns erased 22 million jobs..
• There’s something wrong with previous U.S. jobs reports.The government quietly erased 439,000 jobs through November 2023, a closer look at the numbers from the Bureau of Labor Statistics shows..
• Increased government hiring has been driving the jobs numbers higher.This matters because U.S. jobs reports move the markets and U.S. Treasury yields..