« previous next »
Pages: [1]   Go Down

Author Topic: US economy created 818,000 fewer jobs than previously reported  (Read 1538 times)

0 Members and 1 Guest are viewing this topic.

Online rangerrebew

  • TBR Contributor
  • *****
  • Posts: 176,735
US economy created 818,000 fewer jobs than previously reported
« on: August 21, 2024, 01:03:50 pm »
US economy created 818,000 fewer jobs than previously reported
Labor Department releases key payroll data
 
By Megan Henney FOXBusiness

Why the economy is slowing, not breaking
Matt Orton of Raymond James Investment Management explains why he is optimistic about the U.S. economy on "Mornings with Maria."

U.S. job growth during much of the past year was significantly weaker than previously reported, according to new data published Wednesday.


The Bureau of Labor Statistics revised down its total tally of jobs created in March by 818,000 as part of its preliminary annual benchmark review of payroll data.

It marks the largest downward revision since 2009, and suggests the labor market began losing steam earlier than initially thought.

https://www.foxbusiness.com/economy/us-economy-created-818000-fewer-jobs-than-previously-reported
Logged
The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Online rangerrebew

  • TBR Contributor
  • *****
  • Posts: 176,735
Re: US economy created 818,000 fewer jobs than previously reported
« Reply #1 on: August 21, 2024, 01:06:25 pm »
Quote from: rangerrebew on August 21, 2024, 01:03:50 pm

It marks the largest downward revision since 2009, and suggests democrats have been lying for 4 years.
 
Logged
The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Online Free Vulcan

  • Technical
  • *****
  • Posts: 16,606
  • Gender: Male
  • Ah, the air is so much fresher here...
Re: US economy created 818,000 fewer jobs than previously reported
« Reply #2 on: August 21, 2024, 01:18:21 pm »
And the timing of the release is perfect to undercut the Shamala.
Logged
The Republic is lost.

Offline libertybele

  • Cat Mod
  • *****
  • Posts: 64,998
  • Gender: Female
Re: US economy created 818,000 fewer jobs than previously reported
« Reply #3 on: August 21, 2024, 01:39:41 pm »
Quote from: Free Vulcan on August 21, 2024, 01:18:21 pm
And the timing of the release is perfect to undercut the Shamala.

I think it is doubtful that the DEM voting base will even pay attention. Many are on the government dole, and they are caught up in keeping that flow of money coming in and nothing else.  They could care less about jobs. Others I believe will get caught up with the once again promise of 'hope and change'....it worked before, it'll work again.

I think the MSM and the DEMS have quickly moved Harris away from any affiliation with Bidenomics.

Logged

Online mountaineer

  • Hero Member
  • *****
  • Posts: 62,026
Re: US economy created 818,000 fewer jobs than previously reported
« Reply #4 on: August 21, 2024, 06:43:47 pm »
Jeff Carlson
@themarketswork
Nothing to see here. Just the the current US Secretary of Commerce saying she's unaware of the report that revised job creation down by more than 800K over the last year - on top of the ongoing monthly revisions...
In a normal administration this would be a five-alarm fire
6:30 PM · Aug 21, 2024

Reporter: Nearly a million jobs "created" since Kamala took office do not exist.
Raimondo: “I don’t believe it because I’ve never heard Trump say anything truthful.”
Reporter: "It is from the Bureau of Labor."
Raimondo: "I'm not familiar with that."

https://twitter.com/greg_price11/status/1826378177754935482
« Last Edit: August 21, 2024, 07:17:39 pm by mountaineer »
Logged
The abnormal is not the normal just because it is prevalent.
Roger Kimball, in a talk at Hillsdale College, 1/29/25

Online mountaineer

  • Hero Member
  • *****
  • Posts: 62,026
Re: US economy created 818,000 fewer jobs than previously reported
« Reply #5 on: August 21, 2024, 07:17:18 pm »
Steve Deace
@SteveDeaceShow
According to the 2020 census, the 818,000+ people who just disappeared from the labor rolls since the last employment report would represent the 18th largest city in America. More people than live in Seattle, Denver, Nashville, Boston, Las  Vegas, DC, etc.
1:43 PM · Aug 21, 2024
Logged
The abnormal is not the normal just because it is prevalent.
Roger Kimball, in a talk at Hillsdale College, 1/29/25

Online roamer_1

  • Hero Member
  • *****
  • Posts: 35,496
Re: US economy created 818,000 fewer jobs than previously reported
« Reply #6 on: August 21, 2024, 07:35:01 pm »
Logged
Pages: [1]   Go Up
« previous next »