{"id":43487,"date":"2024-09-09T06:02:46","date_gmt":"2024-09-09T10:02:46","guid":{"rendered":"https:\/\/angry.net\/blog2\/?p=43487"},"modified":"2024-09-09T06:02:46","modified_gmt":"2024-09-09T10:02:46","slug":"about-all-those-jobs-biden-harris-claimed-they-created-yeah-never-mind","status":"publish","type":"post","link":"https:\/\/angry.net\/blog2\/?p=43487","title":{"rendered":"About all those jobs Biden-Harris claimed they created? Yeah, never mind"},"content":{"rendered":"

Good day all. This report came out during the DNC Convention last week. (Probably trying to bury it) The labor department had to revise the number of actual jobs downward somewhat. Actually, they had to revise them downward quite a lot.<\/p>\n


\n<\/p>\n

Now it isn\u2019t uncommon for job stats to be updated as more information comes in. What is uncommon is the number that was revised and in which direction the revision showed. Over 800,000 jobs that the Biden-Harris maladministration claimed, never actually existed. Here are the details from Fox Business News<\/b><\/a>:<\/p>\n

U.S. job growth during much of the past year was significantly weaker than previously reported, according to new data published Wednesday. <\/b><\/p>\n

<\/p>\n

The Bureau of Labor Statistics revised down its total <\/b>tally of jobs<\/b><\/u><\/a> created in the year through March by 818,000 as part of its preliminary annual benchmark review of payroll data. That suggests the economy added an average of 174,000 jobs per month during that time period \u2014 below the previous 242,000 estimate. On a monthly basis, that amounts to about 68,000 fewer jobs. <\/b><\/p>\n

That is a major loss, especially with all the statements that Bidenomics was terrific and that tens of millions of jobs had been created all due to the actions of Joe Biden and Kamala Harris. Gee, I guess they were lying…again. I don\u2019t know why, other then this is the worst negative revision since 2009.<\/p>\n

“The labor market appears weaker than originally reported,” said Jeffrey Roach, chief economist at LPL Financial. “A deteriorating labor market will allow the Fed to highlight both sides of the dual mandate and investors should expect the Fed to prepare markets for a cut at the September meeting.” <\/b><\/p>\n

The morons at the Federal Reserve are one of the reasons the economy is in the tank. They were printing money like it was going out of style. Add to that the Congress spending money they flat out didn\u2019t have for the sole purpose of keeping their worthless asses in Congress. I don\u2019t know if they will cut the rates at all. Even if they do, I don\u2019t think it will do any good.<\/p>\n

One of the other major problems is Dementia Joe Biden, Comrade Kamala, (The retired Prostitute), and the massive amounts of regulations they\u2019ve put into place. I think I read somewhere that the total cost of the new regulations those two idiots have put in place comes to another $2 trillion dollars in costs to businesses. This isn\u2019t taking into account Kackling Kamala\u2019s plan to institute price controls and communism on the United States.<\/p>\n

<\/p>\n

The rise in unemployment triggered the <\/b>so-called Sahm rule<\/b><\/u><\/a>, an indicator that is used to provide an early recession signal. The rule stipulates that a recession is likely when the three-month moving average of the jobless rate is at least a half-percentage point higher than the 12-month low. <\/b><\/p>\n

Over the past three months, the unemployment rate has averaged 4.13%, which is 0.63 percentage points higher than the 3.5% rate recorded in July 2023. The Sahm rule has successfully predicted every recession since 1970. <\/b><\/p>\n

This assumes that the Biden-Harris Maladministration aren\u2019t flat out lying about the unemployment rates. Also, does this also take into account those who have exhausted their unemployment benefits and are no longer counted? In any case the questions now are, \u201cWill the Federal Reserve cut rates and will the Democrat Propaganda Corps ask Comrade Kackles Harris about the revision, provided they can get her to actually answer questions.<\/p>\n

Thatisall<\/p>\n\"1\"2\"3\"4\"5 (3<\/strong> votes, average: 5.00<\/strong> out of 5)
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~The Angry Webmaster~<\/b><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Good day all. This report came out during the DNC Convention last week. (Probably trying to bury it) The labor department had to revise the number of actual jobs downward somewhat. Actually, they had to revise them downward quite a … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[176,141,135,750,100,71],"tags":[11,922,923,1721,426,662,886,15,1247,101,413,21,110,24],"class_list":["post-43487","post","type-post","status-publish","format-standard","hentry","category-economy","category-jobs","category-just-desserts","category-maga","category-moonbat","category-news-of-the-day","tag-america","tag-bidenflation","tag-bidenomics","tag-comrade-kamala","tag-deep-state","tag-dementia-joe","tag-epic-biden-fail","tag-incompetence","tag-kackling-kamala","tag-news","tag-progressives","tag-scams","tag-scoamf","tag-socialism"],"views":194,"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":43353,"url":"https:\/\/angry.net\/blog2\/?p=43353","url_meta":{"origin":43487,"position":0},"title":"Recent bad economic news and who does Kackling Kamala blame?","author":"Angry Webmaster","date":"August 18, 2024","format":false,"excerpt":"Good day all. 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Since Dementia Joe was appointed President of the United States by the Ruling Elite of the Deep State, (How\u2019s that for a conspiracy theory?), people have watched how President Dementia and Vice President Blow Job have taken all that was good and completely trashed it. For months,\u2026","rel":"","context":"In "Just Desserts"","block_context":{"text":"Just Desserts","link":"https:\/\/angry.net\/blog2\/?cat=135"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/i.pinimg.com\/originals\/9b\/b4\/ce\/9bb4ce0917646df3d56c5d944f7d2d5e.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":43773,"url":"https:\/\/angry.net\/blog2\/?p=43773","url_meta":{"origin":43487,"position":3},"title":"Is Biden deliberately sabotaging Harris\/Walz?","author":"Angry Webmaster","date":"October 27, 2024","format":false,"excerpt":"I\u2019ve mentioned previously that it looks like Joe Biden might be intentionally hurting the Kackling Kamala and Tampon Timmy campaign. 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Now both he and Heels Up Harris have started talking about\u2026","rel":"","context":"In "medicine"","block_context":{"text":"medicine","link":"https:\/\/angry.net\/blog2\/?cat=7"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/i.pinimg.com\/originals\/3e\/0b\/dc\/3e0bdcd98ac7b64a29a240d604f388c9.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/43487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43487"}],"version-history":[{"count":2,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/43487\/revisions"}],"predecessor-version":[{"id":43489,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/43487\/revisions\/43489"}],"wp:attachment":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}