Joe Biden and Kamala Harris have been manipulating data and deceiving the American public.
The Bureau of Labor Statistics is expected to once again lower its job numbers by up to 1 million on Wednesday.
https://twitter.com/zerohedge/status/1825248254893953351?ref_src=twsrc%5Etfw
Bloomberg reported that the growth in payrolls between April 2023 and March 2024 was up to 1 million less than what was previously stated.
source: Bloomberg
Bloomberg reported:
US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates.
Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.
While JPMorgan Chase & Co. forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million.
There are a number of caveats in the preliminary figure, but a downward revision to employment of more than 501,000 would be the largest in 15 years and suggest the labor market has been cooling for longer — and perhaps more so — than originally thought. The final numbers are due early next year.
Such figures also have the potential of shaping the tone of Fed Chair Jerome Powell’s speech at week’s end in Jackson Hole, Wyoming. Investors are trying to gain insight as to when and how much the central bank will start lowering interest rates as inflation and the job market cool.
President Trump responded to the new report that the jobs numbers under Biden and Harris are fraudulent.
“There has been a report that the jobs numbers are fraudulent,” Trump said. “That’s a terrible insult to our economy.”
WATCH:
The job numbers are not only fabricated, but also all the jobs regained after Covid under Biden-Harris were taken by foreign-born workers, including undocumented immigrants.
According to the Center for Immigration Studies, all the increase in employment has been among foreign-born individuals.
There are 183,000 fewer native-born Americans employed than in 2019, before Covid, while the number of immigrants (both legal and illegal) working has increased by 2.9 million compared to 2019.
https://twitter.com/CIS_org/status/1757499410953429054?ref_src=twsrc%5Etfw
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