Initial US employment reports overstated by 439,000 jobs in 2023 New York Post

Image for article Initial US employment reports overstated by 439,000 jobs in 2023  New York Post
News Source : New York Post

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..
Theres something wrong with previousU.S. jobsreports.The government quietly erased 439,000 jobs through November 2023, a closer look at the numbers from the Bureau of Labor Statistics shows.Th [+3981 chars]

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