[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Candace Owens: When are you going to address this, KAMALA?

Democrats Celebrate a Seemingly Impressive September Jobs Report – What They are Not Telling You

The Boiling Point – America Have You Had ‘Enough,’ Yet?

Shopping Malls Implementing Curfews And Teen "Waiting Zones" To Try And Curb Chaos, Theft And Fights

US Public Debt Grew $115 Billion A Day For the Past 3 Days Totaling $345 Billion.

Dramatic Footage Shows Tanker Blown Up In Critical Maritime Chokepoint As Disasters Mount For Biden-Harris

The Remdesivir Papers: Did Service Members Deserve to Die?

“My Blood is Boiling”: Furious Elon Musk Goes Off on FEMA for Blocking SpaceX Engineers from Assisting

“The Stench is Unbearable”: Dead Bodies Piling Up, FEMA Abandons NC Residents Amid Hurricane Helene

Cash and the Constitution

Disaster Relief (INSIDER) Tells Why FEMA Won't Let Citizens Help.

The $212 Billion Dollar Food ingredient poisoning your Brain

"Last Election EVER" - Elon Musk vs Mark Cuban: Billionaires BATTLE Over Dangers If Trump Loses 2024

"This is a Deep State coup trying to stop Trump" Ivan Raiklin has a plan to prevent it

Navigating the Global Debt Bubble: Are We on the Brink of Crisis?

Western North Carolina Residents Claim Feds Are Seizing Their Land

Proud Southerner Tells Kamala to Take her $750 and “Wipe Your A$$ with It!”

RFK Jr.: This Is How Hillary Clinton Accusations Against Tulsi Gabbard Changed Political Beliefs

Trump Rips Into Kamala For Spending FEMA Money On Housing For Illegal Migrants

Republican Senate Candidate Hung Cao Reveals He Helped Recover JFK Jrs Body and Plane During Navy Operation

Is your “private” VPN service controlled by Israel?

Julian Assange on AI in Modern War

The Sun, not CO2, drives the Earths climate, a new study says

63 central banks are implementing Basel III which includes bail-ins to rescue failing banks

Illegal Migration to Italy Falls 64%

New Day for World as Myth of Israeli Invincibility Shattered

MSNBC Producer Admits Network is ‘Doing All They Can’ to Help Elect Kamala Harris (VIDEO)

The UK's "Chicken License" Rebellion: The Good Way To Deal With Bad Laws

Ukrainian Lines Collapsing In East With World's Attention On Middle East War

COL. Douglas Macgregor: Israel is getting SLAUGHTERED in Lebanon, Americans are trapped


National News
See other National News Articles

Title: Democrats Celebrate a Seemingly Impressive September Jobs Report – What They are Not Telling You
Source: [None]
URL Source: https://www.thegatewaypundit.com/20 ... e-september-jobs-report-heres/
Published: Oct 5, 2024
Author: The Gateway Pundit
Post Date: 2024-10-05 12:03:50 by Horse
Keywords: None
Views: 4

Democrats including Joe Biden are boasting about the strength of the latest job reports. However, the numbers aren’t actually as promising as they may seem.

In September, the U.S. economy added 254,000 jobs, significantly surpassing expectations and leading traders to anticipate a slower pace of interest rate cuts by the Federal Reserve following last month’s substantial reduction.

The figures, first reported by the Bureau of Statistics, exceeded the previous forecast of 140,000 from economists polled by Reuters.

It also marked an improvement over August’s upwardly revised gain of 159,000 jobs. The unemployment rate dropped to 4.1 percent, down from 4.3 percent in July, which had been near a three-year high.

However, ZeroHedge explains that while the number of jobs to foreign- born workers actually fell from an all-time high, a large proportion of these gains are taken by government workers:

His report explains:

And yet, it didn’t take long to find what the BLS did this time to make the jobs appear much stronger than expected, a political imperative for the highly politicized agency tasked with making the Kamala/Biden economy appear stronger than it was exactly one month ahead of the election.

The answer, ironically, was in the number of government workers, which exploded higher, and were not only instrumental in pushing the Household Survey print much higher, but meant the difference between a 4.1% and 4.5% unemployment rate.

Here is what happened. In September, the number of government workers as tracked by the Household Survey soared by 785K, from 21.421 million to 22.216 million, both seasonally adjusted (source: Table A8 from the jobs report).

This was the biggest monthly surge in government workers on record (excluding the outlier print in June 2020 which was a reversal of the record plunge from the Covid collapse months before).

Meanwhile, Florida Senator Marco Rubio pointed out that previous jobs reports have been manipulated by the Biden regime and their media propagagandist before later being revised downwards.

Another fake jobs report out from Biden-Harris government today

16 of the last 17 reports have been significantly revised downwards after media helps them with their fake headlines.

In short, the U.S. economy is far weaker than it was when Donald Trump was in office. America’s current unemployment figures are indeed positive, but this does negate the devastating impact that inflation and the cost of living crisis have wreaked on ordinary Americans.

At a press briefing on Friday, Joe Biden was asked about Rubio’s comments and insisted that this was “incredibler news” for the American economy.

“From the very beginning, we were told time and again that the policies we were pursuing we put forward weren’t going to work, make things worse, including some of the other team are still saying they’re going to make things worse, but we’ve proven them wrong,” he said.

“Look, I’m going to be very careful here. If you notice anything MAGA Republicans don’t like they call fake. anything. The job numbers are what the job numbers are. They’re real.”

Over the last year, employment for native born American workers fell by 825K

For foreign born workers, it increased by 1.2M.

Post Comment   Private Reply   Ignore Thread  



[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]