The Jobs Report Is Lying to You

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Okay, we got the February jobs report. Um, as question, why bother? Why bother? I, again, I don’t, I don’t go anymore because it’s stupid. It’s stupid again. Um, I know I’m pissing off producers of business networks. When I say this, you’re wasting your damn time.

Well, I guess, I mean, you can sell advertisements during that point in time, but we told you remember last month’s last month. Oh my God. You remember that the blowout report, the Biden administration sent in their lackeys out talking about the wonders of Bidenomic spike in the football. What did we tell you? It was a fugazi.

It was a fugazi. No, no, it’s a Biden administration. You know, like Al Pacino, Lucky and Goodfellas. Oh, it’s jobs reports. A beautiful thing. It’s a beautiful thing. Look at that thing. It’s a beautiful thing. No, it’s a fugazi. It was off by 40 percent. Now, what the hell changes in your calculations? And less than 30 days. How could you be that?

How could you be off? How could your math be off by 40 %? Is this this new math that they’re, you know, why kids can’t calculate things, Bob? I don’t know. Off by 40 % and these numbers will be inaccurate too. Again, they say jobs soar by 275 ,000, smashing estimates.

Okay, unemployment is now at a two year high. Hmm, that’s interesting. Let’s look at some of the other things too here. You got the labor participation rate, which is still the same, which is at a very low level, 62 .5%, meaning that they say that we created jobs,

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But the household survey said job losses were 184 ,000, bringing the two month total to more than 200 ,000. Hourly earnings are going down. Now, again, that’s good for people that want the Fed to lower rates, but it’s not good if you have to pay your bills and inflation is still running hot. I could go right on down the line here.

This is again, not a good sign, not to mention the fact that again, we are not creating full -time jobs. What are we creating? We’re creating part -time jobs. That’s what we’re doing. A lot of part -time jobs out there. Now some of the lefties tried to spin that. Oh, it’s great. That’s a good sign for the economy. Yeah, it’s great for part -time jobs.

Whether that’s a good thing that, you know, what that means is that many people have to work more than one job to make ends meet. And that’s because of inflation. But again, I guess they can’t see that. Again, jobs numbers. Why bother even doing this at this point in time? Watchdog on wallstreet .com.