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US Jobs Revised Down By 818,000 In Election Year Shocker, Second Worst Revision In US History

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Back in March, when most of Wall Street and economists still believed the lies spewed forth by the Biden Bureau of Labor Statistics, which intentionally uses inaccurate, rushed “data” from the Establishment survey which is meant to pad sentiment and make the economy appears far stronger than it is (as one can see by the constant monthly downward revisions), we did an in-depth analysis looking at the actual, “uncooked” numbers published by the Philadelphia Fed preview of the annual Quarterly Census of Employment and Wages employment revision, and warned our readers that actual US payrolls are overstated by at least 800,000.

Philadelphia Fed Admits US Payrolls Overstated By At Least 800,000 https://t.co/JZZxweddh9— zerohedge (@zerohedge) March 28, 2024

Specifically, we concluded that “the BLS had overstated payrolls by 800,000 through Dec 2023 (and more if one were to extend the data series into 2024)” and added that “it’s truly statistically remarkable how every time the data error is in favor of a stronger, if fake, economy.”

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Source: https://ncrenegade.com/us-jobs-revised-down-by-818000-in-election-year-shocker-second-worst-revision-in-us-history/


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