I’ve pretty much harped on the fake birth death adjustment phantom jobs the government adds every month to their reported jobs numbers for years. They are made up jobs. THE DO NOT EXIST. They are numbers on a fucking excel spreadsheet created by a government drone. After the markets close on a sleepy Thursday afternoon, the government scumbags say “Did I Do That????”
And poof!!! 150,000 fake jobs are deleted from the numbers reported over the last 12 months. The same numbers that moved markets on those particular days. If the true numbers had been reported, the stock market would have gone down. We can’t have that, because the stock market is the economy for Wall Street and the slimy MSM. So it goes.
DO NOT BELIEVE ANY NUMBER SUPPLIED BY THE GOVERNMENT OR THE FED.
Labor Department Revises Away 150,000 Jobs
“We felt a great disturbance in the [Obama recovery] farce, as if 150,000 ‘everything is awesome’ job-gainers’ voices cried out in terror, and were suddenly silenced. We fear something terrible has happened.”
With the swipe of The Labor Department’s pen, 150,000 newly created jobs were ‘revised’ out of existence yesterday.
As The New York Times reports, the U.S. economy likely created 150,000 fewer jobs in the 12 months through March than previously estimated, the Labor Department said on Wednesday.
The reading, which is a preliminary estimate of the department’s annual “benchmark” revision to closely watched payrolls data, showed the retail, wholesale trade, education and professional and business services sectors accounted for the bulk of the downward revision.
Once a year, the government compares its nonfarm payrolls data, based on monthly surveys of a sample of employers, with a much more complete database of unemployment insurance tax records.
A final benchmark revision will be released in February along with the department’s report on employment for January. Government statisticians will use the final benchmark count to revise payrolls data for months both prior to and after March.
This revision – which shifts payrolls data lower in 9 of the last 14 months, is enough to knock 12k jobs off each month on average – likely kicking many of these prints to a ‘miss’… not that it matters anyway…
We didn’t hear too many mainstream media reporters discussing this major loss of jobs over the last 12 months?
Hardly surprising that these numbers are made up, or that downward revisions are released quietly. Anyone who is anticipating a market crash before mid November is going to be disappointed.
I have mentioned this point before concerning an aquatence that works in a alphabet agency that compiles figures to be ultimately announced as the state of multiple economic issues . This high six figure employee lamented , “my job is all bull shit” the real truth can never be announced !
This poses the question : How many people collect a comfortable salary with unrealistic benefits that we as taxpayers pay to lie to us and they sleep fine at night ?
Virtually everyone with more than half a brain (and probably most of those with only half of one) has realized for a long, long time that the numbers are phony.
The exception being those in the financial markets who need to believe to make their living.
It’s a faith based sort of thing, not a reality based one.