The Biden-Harris Jobs Con Continues
I & I Editorial Board
September 8, 2024
As it has done every month this year, the Biden administration continues to gaslight the public about job growth. Each month, the Bureau of Labor Statistics reports headline-grabbing job-creation numbers, then quietly cuts that number in subsequent months – often by huge amounts.
The latest report is no exception. The headline Friday is that the economy created 142,000 jobs in August – a figure that is close to economists’ expectations and that prompted CNN to cheer “The sky is not falling.”
But buried in the report is the fact that the BLS sharply cut the number of jobs created in both June and July.
Where the BLS had initially claimed that 206,000 jobs were created in June – which was treated as good news because it beat economists’ expectations – after two subsequent downward revisions it now says job growth in June was just 118,000.
In other words, it had overestimated job growth in June by 42%! Did anyone see a headline announcing that?
And while the BLS first claimed that 114,000 jobs were created in July, it slashed that down to 89,000 – a 22% cut.
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https://issuesinsights.com/2024/09/08/the-biden-harris-jobs-con-continues/
