The Shocking Truth About November Jobs Data

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I’m sure you’ve heard the phrase lies, damn lies and statistics. We’re going to add a word or a couple of words to it. We’re going to do lies, damn lies, statistics and jobs report. Yeah, I declined. I declined several invitations to appear on the.

the monthly Brady Bunch box to discuss the monthly jobs report, Bureau and Labor Statistics. Why? Because it’s not worth the paper it’s printed on. And that’s proven time and time again. So it’s a complete exercise in futility. but you can be on TV, Chris. Nah.

Anyway, here’s some internals that they’re not talking about. this is again, thanks to E.J. and Tony from the Heritage Foundation digging into some of these numbers. The economy is. Yeah, we’re we’re bleeding out full time jobs, full time jobs fell, fell one hundred eleven thousand in November.

They are down 1.3 million in the last year. Part-time jobs are up 600,000. Now, does that sound like a really strong labor market? Does that sound like we’re booming at this point in time? No, no, no.

Yep, down 1.4. Part-time work has been fueling the numbers, but even that took a hit last month as well. Even though the number showed 227,000 jobs, the number of people employed went down by 355,000.

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and is down year over year, 725,000. That’s an interesting divergence in metrics, if you will. There are now 1.1 million fewer native born Americans employed than a year ago. All net job growth, and we’ve reported this before here, has gone to foreign born workers. Again, we’ve been saying this for some time.

Okay, it has been our belief for some time that we are in a recession. We’ve been in a recession. With that being said, God willing, God willing, Donald Trump hits the ground running. He gets the appointments he needs, gets the government out of the way. We’re starting to see optimism, animal spirits start to come back into the economy. We get that. Well, again, maybe we can get some real job growth back as well. Watchdogonwallstreet.com.