http://twitchy.com/amy-curtis/2024/08/02/june-and-may-jobs-report-revised-down-again-n2399161
We told you earlier about how the July jobs report was sub-optimal for Biden and the Kamala Harris campaign. And the hits keep coming. Not only was July not great, but May and June were revised down again. Just like almost all the other jobs reports.
The Kobeissi Letter (@KobeissiLetter) ~ You can't make this up:
The June and May jobs reports were just revised lower by an additional 29,000 jobs.
5 out of the last 6 jobs reports have now been revised LOWER, per ZeroHedge.
In fact, 10 out of the last 14 jobs reports have now been revised lower.
Not only is the unemployment now at a 3-year high, but revisions are the new normal.
Hundreds of thousands of jobs have been revised lower just in 2024 so far.
What is happening here?
We all know what's happening here.
Yep ... Democrats are shameless liars who are bent on destroying our nation.
The Kobeissi Letter (@KobeissiLetter) ~ It's the same cycle every month:
Jobs report headlines come in strong, then they are revised lower when everyone's focused on the next one.
But now, headline numbers are weak and unemployment is rising.
Follow us @KobeissiLetter for real time analysis as this develops.
And the media ignores it.
Gavin | Options Trading IQ (@OptiontradinIQ) ~ The headline looks great, and then they release the real data the following month when no one is looking.
Of course.
Global Markets Investor (@GlobalMktObserv) ~ US ECONOMY IS MARCHING TOWARDS A RECESSION
US job (non-farm payroll) numbers were overstated in Q3 and Q4 2023 by nearly 1,000,000!
The US economy LOST 192K jobs in Q3 2023 and created 344K jobs in Q4 2023 instead of +494K and +637K initially reported. 👇
Mirabello (@genevachendov) ~ Government Ministry of Truth providing misinformation. This really is 1984 come to life.
Some people treat Orwell like an instruction manual rather than a cautionary tale.
ALTSTEIN TRADE (@Altsteinn) ~ This jobs report is straight-up gaslighting. How many times do we gotta get slapped in the face with revised numbers before we realize something's fishy?
Yeah, and the willingly clueless morons of the Further Freedom From Thought Board will swallow every one of their lies - hook, line & sinker.
So far, nearly a year's worth of revised jobs numbers isn't enough.
Stoic Investor (@Stoic_investr) ~ Revisions have become normal over the last 1 and a half years. Government is trying to manage headlines and creating an impression of job growth while the reality is a bit different.
Tom (@BoreGuru) ~ Everything about "#Bidenomics!" was and is a lie.
...
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
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