Half the jobs turned out to be smoke and mirrors...

Source: https://citizenwatchreport.com/half-the-jobs-turned-out-to-be-smoke-and-mirrors/
Published: Jan 31, 2024
Author: Staff
Post Date: 2024-01-31 14:29:08 by Horse
Views: 57

The quarterly census reveals a stark contrast, with a meager 332k private sector job gains in Q2 ’23, painting a different picture than the advertised surge in nonfarm payrolls. The hefty downward revisions further add to the skepticism, uncovering a reality where job gains are roughly half of what was initially presented.

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