Although many economists have long suspected that the Biden administration was inflating the numbers, the official confirmation came later than expected due to “glitches” on the Bureau of Labor Statistics (BLS) website.
This is the second largest annual overestimation of jobs numbers in the history of the U.S. and the biggest downward revision since 2009, raising a lot of questions and putting the Biden administration’s complete incompetency on full display yet again.
It turns out that they made a downward revision of 818,000 jobs in the 12 months through March – that’s nearly a million jobs the Biden administration claimed were created that actually never existed.
Complaints are rolling in about the fact that some Wall Street investment firms were given details about the report simply by calling into the BLS more than 15 minutes before they finally and very reluctantly posted it to the site.
This is anathema to the very idea of a balanced market built on fair, accessible information.” Of course, the Biden administration has already proven time and time again that it is not interested in fairness or truth, and this fiasco drives all those points home quite nicely.
According to Bloomberg, "at least three banks managed to obtain key payroll numbers Wednesday while the rest of Wall Street was kept waiting for a half-hour by a government delay that whipsawed markets and sowed confusion on trading desks."
The bureau isn’t commenting on how some users got the information early or why the release was delayed, although it’s yet another embarrassment for the Biden administration considering the fact that the delayed information was a correction of information they released previously and botched – or, as many people believe, intentionally misrepresented in hopes of painting a more favorable picture of the economy ahead of the election.
https://www.naturalnews.com/2024-08-23-biden-economy-fake-jobs-revision-numbers-revealed.html
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