Jan Job Numbers Doubled the Highest Estimate of 78 Experts

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The propaganda in the US is as bad as it is in China!  😡


SHADES OF OBAMA – January Job Numbers Doubled the Highest Estimate of 78 Experts – And You’re Supposed to Believe This is Real

By Joe Hoft

Published February 4, 2022 at 8:45am




We’ve been saying this since the Obama years, that the US government was seriously fudging numbers to make Obama/Biden look better and Trump look worse. But today’s numbers top the cake.

The US Government claims that Biden gained 467,000 jobs last month. A total that doubles the highest of 78 experts expectations.


The Street reports:



The U.S. economy added far more new jobs than forecast last month, the Labor Department said Friday, with a big revision for its December reading, adding even more fuel to the Federal Reserve’s hawkish outlook on rates and inflation.


The Bureau for Labor Statistics said 467,00 new jobs were created last month, with headline unemployment rate rising from a post-pandemic low to 4%. The January tally was firmly ahead of the Street consensus forecast of 150,000.



The BLS noted that hourly wages were up 0.7% in January, and 5.7% on the year, to $31.63 per hour, with the year-on-year reading coming in well ahead of Street forecasts.



These numbers are crazy when compared to ADP’s report from two days ago showing a loss of (301,000) jobs in January. The BLS numbers today are 768,000 more than ADP’s results. But then again, ADP’s numbers are based on actual jobs data.

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Labor Dept. Jobless Numbers Leave Experts Gobsmacked – 150K Expected, ADP Showed Loss of 300K, Then Biden Labor Dept. Reports 467K Gain

By Jim Hoft

Published February 4, 2022 at 7:55am




On Wednesday ADP announced that private payrolls plunged by 301,000. This was a horrible number. It was the first time ADP reported negative job growth since December 2020. ADP is one of the most trusted private companies in the world. From their website:



We are a comprehensive global provider of cloud-based human capital management (HCM) solutions that unite HR, payroll, talent, time, tax and benefits administration, and a leader in business outsourcing services, analytics and compliance expertise. Our unmatched experience, deep insights and cutting-edge technology have transformed human resources from a back-office administrative function to a strategic business advantage.



The ADP report is trusted by economists and comes out before the Labor Department report each month.



So on Friday when the Biden Labor Department announced 467,000 jobs were created in January the experts were gobsmacked. And at the same time the Labor Department said the unemployment rate rose to 4.0%. Weird.

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