Joe Biden and Kamala Harris are under fire as accusations fly that they’ve been cooking the books.
Could they be misleading the American people?
The Bureau of Labor Statistics is set to release a massive update job numbers on Wednesday.
And it looks to wipe out 1 million jobs from the records!
Has this administration has been playing fast and loose with the numbers?
Buckle up, because this could get messy.
And let’s hope this information spreads around those at the DNC.
Let’s see what they have to say about this.
BREAKING: Biden and Harris Were Cooking the Books the Whole Time! 1 Million Jobs VANISH in Downward Revision – Trump Responds to Fraudulent Jobs Numbers (VIDEO) https://t.co/kxej7YCkJN
— The Gateway Pundit (@gatewaypundit) August 20, 2024
On Wednesday, the Bureau of Labor Statistics will downward revise jobs for the April 2023-March 2024 period by up to 1 million. This means that all “beats” recorded in the past year will have been misses and the US job market is in far worse shape than the admin would admit.
— zerohedge (@zerohedge) August 18, 2024
Is anyone truly surprised by this?
But it’s good for this to get out in the open.
The Gateway Pundit reports:
Joe Biden and Kamala Harris were cooking the books the whole time and lying to the American people.
The Bureau of Labor Statistics will downward revise jobs AGAIN on Wednesday by up to 1 MILLION!
According to Bloomberg, payrolls growth between April 2023 to March 2024 was up to 1 million weaker than previously reported.
Bloomberg writes:
US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates.
Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.
While JPMorgan Chase & Co. forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million.
Seems the Biden administration has some explaining to do.
They probably have a good reason for this, right?
The Biden administration has been caught cooking the books on the jobs numbers: https://t.co/beO2xbb5Cz
— MARK SIMONE (@MarkSimoneNY) August 20, 2024
Daily Mail adds:
As many as a million jobs could vanish from US jobs data in revised numbers released this week.
Jobs growth in the year through March was likely much lower than initially estimated, top bankers are warning.
This could refuel concerns that the US economy is not as robust as it has appeared, and that the Federal Reserve is falling behind in its aim to lower interest rates.
The government will release its first revisions of jobs growth data on Wednesday, and then the final numbers are due early next year.
Goldman Sachs economists expect jobs growth for the year will be at least 600,000 weaker than current estimates – and the decline could be as much as a million.
A downward revision of more than 501,000 would be the largest in 15 years, Bloomberg reported, and would suggest the labor market has been cooling for longer than was originally thought.
As it currently stands, the figures from the Bureau of Labor Statistics show the US economy added 2.9 million jobs in the year to March 2024.
This is an average of 242,000 a month.
Once a year, the government revises the March figure using a more accurate and detailed quarterly data source.
If the total revision is as high as a million, monthly jobs gains would be around 158,000 a month, Bloomberg reported.
PRESIDENT TRUMP: There has been a report that the jobs numbers are fraudulent. They keep getting revision down. "That's a terrible insult to our economy." pic.twitter.com/mmeCLEjZcS
— Trump War Room (@TrumpWarRoom) August 20, 2024
