Feds Admit That the Biden-Harris Miracle Economy Is Actually Terrible as Almost One Million Jobs are "Lost"

I put "lost" in quotes because the federal government claimed that 818,000 new jobs were created, but now admits: Nah, we were just fooling, those jobs never existed.

US revises jobs report, says created 818K fewer jobs than estimated from spring 2023 to spring 2024

The announcement of a 'cool off' came less than a day before Harris will accept the nomination and amid criticism of the Biden-Harris admin's economic record

The government admitted Wednesday that job creation was much slower than it originally reported, slashing more than 800,000 jobs from its earlier tallies in a report just 24 hours before Vice President Kamala Harris accepted the Democratic nomination for president.

The revision is for the estimate of jobs created from spring 2023 to spring 2024, suggesting a "cool off" in the labor market.

How hard they strained to fake the numbers so that Biden could continue insisting we weren't in a recession.

If you remember, we did have a quarter of no growth. But "experts" told us there was no recession, because the great jobs numbers indicated a healthy economy.

Turns out the great jobs numbers were, get this, fake jobs numbers.

So surprising to see fakery from the Democrats and their ideologically-captured "expert" class.

The revised estimate stated the U.S. added 2.1 million jobs from April 2023 to March 2024. The original estimate pegged job creation at 2.9 million during that period, Market Watch reported.

...

The revision means the U.S. added an average of just 173,000 jobs per month instead of an average of 242,000 per month.

The Biden-Harris Miracle Economy is so good that the Fed may have to cut interest rates -- increasing inflation, which is already at economy-killing levels -- to juice it and keep it from falling into recession.

That said-- Best Economy In History, Jack! Look it up!

posted by Disinformation Expert Ace at 02:16 PM

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