US Employment Reports Greatly Exaggerated, Over 400,000 Jobs Mistakenly Added to Total

[RicoSuave102954]

The photo probably tells us all we need to know.


Just because there is a number in a jobs report from the Biden administration's Bureau of Labor Statistics does not mean it is necessarily so.

That's the bottom line of a Fox Business report Saturday that said in the first 11 months of 2023, jobs reports overestimated the number of jobs created by 439,000 positions.

David Rosenberg, founder of Rosenberg Research Associates, offered different numbers but the same conclusion.

“Time to stop trading off the payroll data. The downward revisions in 2023 totalled an epic 443k. More than 40% of payroll growth in 2023 didn’t even come from the survey but from the fairy-tale ‘Birth-Death’ model,” he posted on X.

Time to stop trading off the payroll data. The downward revisions in 2023 totalled an epic 443k. More than 40% of payroll growth in 2023 didn’t even come from the survey but from the fairy-tale ‘Birth-Death’ model.

One area of job growth in the past three months has been the government sector. Taxpayer-funded government jobs increased at a rate of about 50,000 a month, according to Fox.

December’s jobs report showed 683,000 people stopped looking for work.

Fox Business said a record 8.69 million people now hold multiple jobs, noting that since June, the economy has shed 1.5 million full-time workers and added 796,000 part-time workers.

MSN

 

[theiacowtipper]

Is the current method consistent with recent methods? If so the measurement against history is what’s most accurate.

 

[RicoSuave102954]

Is the current method consistent with recent methods? If so the measurement against history is what’s most accurate.

Wouldn't actual numbers be more accurate.

 

[CLUB215]

The photo probably tells us all we need to know.


Just because there is a number in a jobs report from the Biden administration's Bureau of Labor Statistics does not mean it is necessarily so.

That's the bottom line of a Fox Business report Saturday that said in the first 11 months of 2023, jobs reports overestimated the number of jobs created by 439,000 positions.

David Rosenberg, founder of Rosenberg Research Associates, offered different numbers but the same conclusion.

“Time to stop trading off the payroll data. The downward revisions in 2023 totalled an epic 443k. More than 40% of payroll growth in 2023 didn’t even come from the survey but from the fairy-tale ‘Birth-Death’ model,” he posted on X.

Time to stop trading off the payroll data. The downward revisions in 2023 totalled an epic 443k. More than 40% of payroll growth in 2023 didn’t even come from the survey but from the fairy-tale ‘Birth-Death’ model.

One area of job growth in the past three months has been the government sector. Taxpayer-funded government jobs increased at a rate of about 50,000 a month, according to Fox.

December’s jobs report showed 683,000 people stopped looking for work.

Fox Business said a record 8.69 million people now hold multiple jobs, noting that since June, the economy has shed 1.5 million full-time workers and added 796,000 part-time workers.

MSN

Don't know where (or if) you work but my industry is desperate for workers right now. Many open positions

 

[noStemsnoSTICKS]

Cool story bro.

Nice conservative source.

 

[RicoSuave102954]

Don't know where (or if) you work but my industry is desperate for workers right now. Many open positions

I don't doubt that, yet the current Administration puts out phony stats to indicate otherwise.

 

[SocraticIshmael]

The photo probably tells us all we need to know.


Just because there is a number in a jobs report from the Biden administration's Bureau of Labor Statistics does not mean it is necessarily so.

That's the bottom line of a Fox Business report Saturday that said in the first 11 months of 2023, jobs reports overestimated the number of jobs created by 439,000 positions.

David Rosenberg, founder of Rosenberg Research Associates, offered different numbers but the same conclusion.

“Time to stop trading off the payroll data. The downward revisions in 2023 totalled an epic 443k. More than 40% of payroll growth in 2023 didn’t even come from the survey but from the fairy-tale ‘Birth-Death’ model,” he posted on X.

Time to stop trading off the payroll data. The downward revisions in 2023 totalled an epic 443k. More than 40% of payroll growth in 2023 didn’t even come from the survey but from the fairy-tale ‘Birth-Death’ model.

One area of job growth in the past three months has been the government sector. Taxpayer-funded government jobs increased at a rate of about 50,000 a month, according to Fox.

December’s jobs report showed 683,000 people stopped looking for work.

Fox Business said a record 8.69 million people now hold multiple jobs, noting that since June, the economy has shed 1.5 million full-time workers and added 796,000 part-time workers.

MSN

Western Journal - Bias and Credibility

QUESTIONABLE SOURCE A questionable source exhibits one or more of the following: extreme bias, consistent promotion of propaganda/conspiracies, poor or no

mediabiasfactcheck.com

🙄

 

[Sharky1203]

The photo probably tells us all we need to know.


Just because there is a number in a jobs report from the Biden administration's Bureau of Labor Statistics does not mean it is necessarily so.

That's the bottom line of a Fox Business report Saturday that said in the first 11 months of 2023, jobs reports overestimated the number of jobs created by 439,000 positions.

David Rosenberg, founder of Rosenberg Research Associates, offered different numbers but the same conclusion.

“Time to stop trading off the payroll data. The downward revisions in 2023 totalled an epic 443k. More than 40% of payroll growth in 2023 didn’t even come from the survey but from the fairy-tale ‘Birth-Death’ model,” he posted on X.

Time to stop trading off the payroll data. The downward revisions in 2023 totalled an epic 443k. More than 40% of payroll growth in 2023 didn’t even come from the survey but from the fairy-tale ‘Birth-Death’ model.

One area of job growth in the past three months has been the government sector. Taxpayer-funded government jobs increased at a rate of about 50,000 a month, according to Fox.

December’s jobs report showed 683,000 people stopped looking for work.

Fox Business said a record 8.69 million people now hold multiple jobs, noting that since June, the economy has shed 1.5 million full-time workers and added 796,000 part-time workers.

MSN

No big surprise. They've been pulling this BS since the 80's. They put out fake numbers and then redact them later when the new fake numbers are about to go out. Everyone has forgotten about the last fake numbers.

 

[Finance85]

Is the current method consistent with recent methods? If so the measurement against history is what’s most accurate.

The method was changed in 2009.