The statistical liars on the payroll of Sponge-Brain-Shits-Pants told you that there were 360++K jobs added last month.
Nope. Ticker's on it:
... the unadjusted household survey showed -1.1 million, on the back of a -1.395 million last month ...
Yes, January is a layoff month (Christmas is over), but the December layoffs are a big, fat, tell.
There's more to this, none of it supporting Biden's Current Lie:
...while hourly wages were up some the work-week was down two tenths and thus the actual weekly check was smaller for most workers. That, I'm sure, will be "greatly appreciated" in an inflationary economy.
Incidentally hours worked usually leads layoffs for obvious reasons -- first you cut people's hours if you can, and then if the weakness continues the pink slip comes next. One month does not a trend make but each tick in that number is around 600,000 jobs on an effective "all economy" basis and this is matched by the three tick loss in the employment:population ratio, now standing at 59.7%, implying a massive 1.8 million effective decrease in employment....
So you have "Pre-Layoff" numbers which are not very pretty at all.
Good luck with that election, Joe!
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