So much for all that joyful job creation malarky this White House has spread.
You can only lie and gaslight for so long before that house of cards begins to crumble. This is a stunning revelation and testimony to why government statistics cannot be trusted. Particularly when it comes to the economy.
There's a reason they don't include gas and food prices in the inflation numbers they announce. They don't want you to know how bad things really are.
The federal government is poised to reveal that the US economy created as many as a million fewer jobs than previously thought in the 12-month period that stretched through the end of March.
The Bureau of Labor Statistics is expected to announce a significant downward revision of job growth statistics on Wednesday — a development that could fuel the perception on Wall Street that the Federal Reserve has waited too long to start slashing interest rates.
Experts at Goldman Sachs and Wells Fargo are predicting that the preliminary benchmark revisions on Wednesday will show that the economy created between 600,000 and 1 million fewer jobs than what was reported, according to Bloomberg News.
You can only lie and gaslight for so long before that house of cards begins to crumble. This is a stunning revelation and testimony to why government statistics cannot be trusted. Particularly when it comes to the economy.
There's a reason they don't include gas and food prices in the inflation numbers they announce. They don't want you to know how bad things really are.
Wall Street banks brace for downward revision of up to 1M fewer jobs — fueling worries the Fed failed to slash rates on time
The federal government is poised to reveal that the US economy created as many as a million fewer jobs than previously thought in the 12-month period that stretched through the end of March.
The Bureau of Labor Statistics is expected to announce a significant downward revision of job growth statistics on Wednesday — a development that could fuel the perception on Wall Street that the Federal Reserve has waited too long to start slashing interest rates.
Experts at Goldman Sachs and Wells Fargo are predicting that the preliminary benchmark revisions on Wednesday will show that the economy created between 600,000 and 1 million fewer jobs than what was reported, according to Bloomberg News.
Wall Street banks brace for downward revision of up to 1M fewer jobs — fueling worries the Fed failed to slash rates on time
The Bureau of Labor Statistics is expected to announce a significant downward revision of job growth statistics on Wednesday.
nypost.com