July 09, 2023

Thursday: Media screams "497,000 jobs added!!" Friday: official report says 200,000--and 60K of those were govt!

U.S. News headline 3 days ago: "Employers Add 497K Jobs in June, Blowing Past Estimates

Dem-loving CNBC 3 days ago:  "Private sector jobs surged by 497,000 in June, well ahead of...the 220,000 estimate."

Wow, they're saying that the consensus estimate by economists was 220,000, yet the private sector actually added over twice as many jobs as the experts estimated?  That's...unbelievable.  Literally.

Lest you think it was a mistake by pro-Democrat CNBC, here's Dem-fellating CNN:

ADP’s national employment report...showed that the private sector added 497,000 jobs last month, far exceeding economists’ expectations for 228,000 jobs...
   While ADP’s tabulations don’t always agree with the official federal jobs report, it’s sometimes viewed as a proxy for overall hiring activity. And by that measure, Thursday’s blockbuster jump is yet another indicator [of how faaabulous our economy is doing under the brilliant policies of shit-fer-brains and his merry band of thieves and morons, like Janet Yellen and Jenny Granholm].
So U.S. News, CNBC and CNN agree that ADP said 497,000 jobs added (though CNN upped the consensus prediction from 220,000 to 228,000).  

The difference between the ADP number and the consensus estimate by economists is so huge that it's pegged my bullshit detector.  So let's see if the pants-shitting vegetable took credit for 497,000 new jobs when the official government jobs report was released just one day after those supposedly huge estimates that grabbed every headline.  Here's the corruptocrat-in-chief:

"This is Bidenomics in action: Our economy added more than 200,000 jobs last month, for a total of 13.2 million jobs since I took office. That's more jobs added in two and a half years than any president has ever created in a four-year term."

Wait...if 497,000 fucking jobs were added, as all those headlines bleated, why would the White House staff have given biden a teleprompter saying just 200,000 jobs were added last month?  Not only is that VASTLY less than the bullshit 497,000 figure spouted by U.S. News, CNBC, CNN and every other lying media outlet, it's also ten percent below the expert concensus estimate quoted by CNBC, and even worse than the estimate quoted by CNN.  

So what's going on?

Here's an independent: 

On Thursday ADP reported an unbelievable 497,000 jobs supposedly added in June.  But today [the next day, Friday, when the government numbers are released] the BLS says just 209,000 jobsd were added--and 60,000 of those were *government*, which is a net drag on the economy.  That means only 149,000 private-sector jobs were added."

Below is the detailed graph from BLS data that not only shows the jobs added or lost in each sector, but also shows in gray the average per month for the last six months, which is a great check to see who's pulling a fast one.



What this shows is that the ADP figure is utter horseshit.

Here's another bomb:  The jobs report reports results for the month just ended.  But after that, it also revises the numbers for the month before that.  And almost every month when a Democrat is president, the revised figures are lower than previously announced.  After enough examples you get the idea that the BLS deliberately hypes job numbers when a Dem is prez, then quietly revises 'em downward a month later, after all the glowing stories have been read by the gullible public.

By contrast, when Trump was in office the revised figures were always higher than the original figures.  Hmmm...

The pattern is holding, as the BLS revised nonfarm payroll employment for April was down by 77,000.  They revised May's job numbers down by 33,000.

I predict that next month, the lackluster report for June will be revised...again downward.  If the errors were honest, unbiased, half would go each way for each party.  But they aren't even close: The evidence clearly shows that the sons of bitches who infest the Deep State are deliberately lying to make stupid voters think the economy is booming.

Now here's the topper:  Try to find a single story trying to explain why ADP's numbers were so much higher than the government's.  Good luck.  The Media did their job, making the regime look FAAABULOUS, with headlines screaming that over twice as many jobs were allegedly added than experts had predicted.

Except it never happened.  Example 3,945,742 of the way the Media lie to make Democrats look great.

Oh, and if anyone wants to bet on which way the awful real job numbers for June will be revised next month, do let me know. 

The proof is out there.  You just never see it.  So to the Media and the Democrats it's like taking candy from a baby.  You people are easy marks, simply because you never see information the regime and the Media don't want you to see.

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