Em agosto, o blog financeiro Zero Hedge previu que o Bureau of Labor Statistics de Biden revisaria o número de empregos entre abril de 2023 e março de 2024 em “até 1 milhão” em sua revisão anual, o que muitos esperavam na época. , significa que todos os relatórios de emprego do ano passado foram falhados e que o mercado de trabalho dos EUA está em situação muito pior do que o governo dos EUA admite.
Hoje, o resultado final foi revelado – chocantes 818.000 perdas de empregos Como o Fed da Filadélfia previu há 6 meses (março), os novos dados de emprego do governo Biden exageraram “pelo menos 80.000 empregos”.
For the 12 months ending March 31, the final revised answer is 818,000 (or about 68,000 per month), with the implied sharp deterioration in the job market becoming the main scapegoat for the Fed's initiation of an easing cycle and a significant interest rate cut of 50 basis points.
Zero Hedge wrote: "The reason we mention this is that last Friday, the Philadelphia Fed released the latest shocking data: the Biden administration not only lied again, but the collapse of the labor market has been covered up for most of the past year, only to be exposed during the annual benchmark revision, and it has continued into the second quarter."
The Philadelphia Fed stated on December 12, "The Philadelphia Fed's estimates indicate that compared to the preliminary state estimates of employment changes from the U.S. Labor Statistics Bureau (CES), 27 states show 'significantly different' employment changes from March to June 2024 — the latter being much lower. According to the early benchmark (EB) estimates conducted by the Philadelphia Fed, employment decreased in 25 states, increased in 2 states, and the remaining 23 states and the District of Columbia showed little change."
Zero Hedge stated that perhaps someone can calculate the natural occurrence probability of this distribution, "but our guess is: almost zero." This is also why the Biden Labor Statistics Bureau modifies employment data lower each month and creates such a big fuss every month. The key to the whole matter is to make the labor market appear stronger than it actually is, and then gradually correct all of this. Now, the Philadelphia Fed has once again confirmed, "We have always been right."
Therefore, after initially revising the 12-month employment increase data ending March 31 down by 818,000, the downward adjustment continued into the second quarter of 2024. Early benchmark estimates from the Philadelphia Fed show that employment in the 50 states and the District of Columbia actually decreased by 0.1%, rather than the 1.1% increase initially shown by the Labor Statistics Bureau!
According to the situation in each state, the regional Fed estimates that the state with the largest downward revision in employment numbers for the nine months ending in June will be California, which expects a downward adjustment of 172,700 jobs. Texas may see a downward adjustment of 112,100 jobs. The Labor Statistics Bureau's forecast for the third quarter also shows that employment numbers will further decrease.
While the specific details of the revisions are still unknown, those details will be revealed when the final data is published on February 7, 2025, it can indeed be known nationwide that all the so-called jobs 'created' in the second quarter were actually fake, with no net job creation at all; in fact, the U.S. lost jobs in the second quarter!
Zero Hedge stated that, in short, when Biden recently tried to create the impression of economic growth, he lied about everything once again.
The article is republished from: Jin Ten Data