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Ok, now the truth on that blowout July jobs report


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2022 Aug 10, 11:21am   218 views  3 comments

by Misc   ➕follow (1)   💰tip ($0.10 in tips)  

Seems that the economists badly undershot the 528000 jobs that were gained in July.

What the shit balls on Wall Street haven't figured out yet is that those extra jobs that were gained is because people are having to work 2 or three jobs thanks to the Biden economy.

That's where the extra job gains came from... the extra jobs people have to work.

Comments 1 - 3 of 3   

1   NuttBoxer   2022 Aug 10, 2:42pm  

Apparently the jobs reports are diverging at record levels between corporations and individuals. The disparity might lead one to believe that governments and corporations are lying, and there are actually job losses, not gains. This is in addition to what OP has already pointed out.
2   Hircus   2022 Aug 10, 4:40pm  

NuttBoxer says
The disparity might lead one to believe that governments and corporations are lying, and there are actually job losses, not gains.


I've thought about this - how one way to prevent or mitigate a recession is to simply lie and make things seem rosy, so consumers keep spending, and companies keep hiring/employing.

Very much in the spirit of "extend and pretend".
3   clambo   2022 Aug 11, 5:49am  

Also as people drop out of the workforce entirely, they are not counted as “unemployed” any longer.
The worse it gets, the better the unemployment numbers seem.

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