4w ago

U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower

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Not shocked that the previous months were a lie... does that happen often, or ever? They so badly want things to look better than they are and we all know lying is the main tool in faking the appearance.
- Statistics from the US Government under Trump should be taken with the same pinch of salt as statistics from China, Russia or North Korea.
  
  Pinch? You mean semi truck?
- Revisions are normal but revisions from 145k to 14k are not.
- Revisions have been frequent and standard practice for a very very long time. It has gotten out of control over the last 20 years or so. Under today's administration, assume everything is a political fabrication like China and Russia.
  Information isn't meant to inform opinion. It's meant to form opinion.
The end of this gravity defying moment brought to you by Wile E. Coyote.
- That lack of breadth was wildly apparent in July: Health care and social assistance, which added 73,300 jobs, accounted for the entirety of the month’s overall gains.
  “There was a three-legged stool holding up the labor market; we had state and local, leisure and hospitality, and health care and social assistance,” Swonk said. “And now we’re down to one.”
  “A one-legged stool is dangerous,” she added
Those revisions are insane. Probably on purpose because the supporters will only ever see the original.
Massive revisions to the last couple of months.

12 comments