Over One Million FEWER Jobs Than Government Statistics Claim

Philly Fed: U.S. Economy Added Over One Million FEWER Jobs Than Government Statistics Claim

• by: Matt Palumbo,
• December 21, 2022

The government has apparently been using Common Core math in calculating the employment statistics, the Philadelphia Federal Reserve has revealed.

According to the Philly Fed, the actual employment statistics from March to June of this year in 33 states and the District of Columbia were significantly different from what the Bureau of Labor had estimated. 

Their report found that "In the aggregate, 10,500 net new jobs were added during the period rather than the 1,121,500 jobs estimated by the sum of the states; the U.S. Current Employment Statistics estimated net growth of 1,047,000 jobs for the period.

Of note, the second quarter of the year, where there was no job growth despite the government saying otherwise (pictured above) was also the second consecutive quarter where there was negative economic growth. The shorthand definition of a recession has always been "two consecutive quarters of negative economic growth,” but the Biden administration tried to dismiss that definition on the basis that the labor market wasn't cooling off despite that negative growth.
 

 

所有跟帖： 

• This was found out AFTER THE ELECTION -冬前- ♂ (0 bytes) () 12/22/2022 postreply 12:46:29

• Not just media is biased, so are some government agencies -冬前- ♂ (0 bytes) () 12/22/2022 postreply 12:47:14

• Think twice when you want to buy the bottom... -冬前- ♂ (0 bytes) () 12/22/2022 postreply 12:48:20

• 政治贴 -bashfulx- ♂ (0 bytes) () 12/22/2022 postreply 13:05:00

• 所有的商店都开始用机器人收款………没人干活，失业率还高… 经济到底怎么啦 -alpha123- ♀ (0 bytes) () 12/22/2022 postreply 15:53:06

• 当然，谁让政府推二十五块时薪 -越王剑- ♂ (66 bytes) () 12/22/2022 postreply 16:43:31

• 有机器人收款的商店？哪家店？哪里说失业率高？美国以前的标准是6%算正常的就业率，现在在4%左右，应该算低的！ -hhtt- ♂ (0 bytes) () 12/22/2022 postreply 17:19:19