Saturday, January 06, 2024

Biden's "Economy Great!!" Foo-Foo Dust

Ticker, who watches this stuff very closely, has observations about the Jobs report offered by the Feds.

Here's the Biden text:  

Total nonfarm payroll employment increased by 216,000 in December...

But the part that the Democrat Spin Machine media doesn't make known?

 ...The unadjusted household number was -1.395 million....

More from Ticker:

...granted, the establishment survey counts multiple job holders as having two jobs where the household survey does not ("do you have a job" .vs. "how many people do you employ") but the fact remains that this is a huge delta and, what's worse, 1.485 million people left the labor force in December (e.g. decided to play video games or drink rather than work.)...

One more note:  of the 215,000 "new jobs," 50,000+ were Gummint/Gummint-related jobs.

Watch next month's release.  That "economy is great!!" thing needs further data.


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