Biden/Harris Job Numbers Grossly Exaggerated, Down a MILLION In Latest Revision

By John Buchard
August 22, 2024

Fed and BLS confirm as much as a million United States tasks vanishing in revision of estimates.

The Federal Reserve and the Bureau of Labor Statistics worked together to to knowingly and deliberately fabricated false employment and inflation numbers to hide the disaster of Bidenomics.They will now dramatically lower interest rates to gibe a false boost to the Harris-Walz campaign.

United States job development in the year through March was most likely far less robust than at first estimated, which risks fueling issues that the Federal Reserve is falling even more behind the curve to lower rates of interest.

Goldman Sachs Group Inc. and Wells Fargo & Co. economic experts expect the government’s initial benchmark revisions on Wednesday to reveal payroll growth in the year through March was at least 600,000 weaker than currently approximated—about 50,000 a month. The recession brought about by “Bidenomics US is in a r

JPMorgan Chase & Co. forecasts a decrease of approximately 360,000, whereas Goldman Sachs suggests the prospective decline could be as high as one million.The actual number released on Wednesday morning is over 800,000, and this is only a preliminary estimate; the final revision could be a million or more. 

While the initial information undergoes revision, a downward modification of over 850,000 jobs would be the most significant in 15 years, suggesting that the labor market has decreased for an extended period, perhaps more important than initially anticipated. The modified figures are expected to be released early next year.
One Million USA Jobs Disappear
A downward revision is NOT an error. It demonstrates that the BLS and the Federal Reserve knowingly and deliberately put lipstick on the failing Bidenomic economy. Like all federal agencies during the eight years of the Obama Administration and the other four years of the Biden Fraudulency, the BLS has been staffed with “made men” of the criminal syndicate masquerading as the Democratic Uniparty; the BLS is no exception. The fake figures gave a boost to the failing Biden Regime. They were only reduced downwards to put pressure on the Federal Reserve to lower interest rates dramatically and stimulate a false sense of economic prosperity immediately before the November election. 

The BLS also calculates the consumer price index and other inflation monitoring indexes. The BLS says that inflation has slowed to just 2.7 %. This is likely also a deliberate and knowing misrepresentation, with experts outside the federal government estimating that true inflation may be north of 7%, especially in the core areas of field, energy, and housing. Any housewife shopping for food and consumer items can tell you that price has risen far more than 2.7% in the past year.

Readers are aware that the MSM has also actively suppressed the good economic news from the Trump administration in 2020 when jobs grew by over 5 million. This was not reported it was suppressed good news that assisted in Trump’s 2020 election campaign
One Million USA Jobs Disappear
The upcoming data releases might likewise affect the Jackson Hole meeting in Wyoming later today. Market participants are excitedly waiting for clues on the timing and magnitude of possible interest rate cuts as the economy slows, with inflation and labor market indications moderating.