the curious one,
Fake job figures from desperate Biden`s backers!
from Zero hedge. ( whole article explains fakey of biden`s backers :-
Last month we though that the January jobs report was the "
most ridiculous in recent history" but,
boy, were we wrong because this morning the Biden department of goalseeked propaganda (aka BLS) published the February jobs report, and holy crap was that something else. Even Goebbels would blush.
What happened?
Let's take a closer look.On the surface, it was (almost) another blockbuster jobs report, certainly one which
nobody expected, or rather
just one bank out of 76 expected. Starting at the top, the BLS reported that in February the US unexpectedly added 275K jobs, with
just one research analyst (from Dai-Ichi Research) expecting a higher number.
Before we go any further, a quick note on what
last month we said was "
the most ridiculous jobs report in recent history": it appears the BLS read our comments and decided to stop beclowning itself. It did that by slashing last month's ridiculous print by over a third, and revising what was originally reported as a massive 353K beat to just 229K, a 124K revision,
which was the biggest one-month negative revision in two years!Of course, that does not mean that this month's jobs print won't be revised lower: it will be, and not just that month but every other month until the November election because that's the only tool left in the Biden admin's box: pretend the economic and jobs are strong, then revise them sharply lower the next month, something we pointed out first last summer and which has not failed to disappoint once... but there has been zero job-creation for native born workers since June 2018This is a huge issue - especially at a time of an illegal alien flood at the southwest border...
... and is about to become a huge political scandal, because once the inevitable recession finally hits, there will be millions of furious unemployed Americans demanding a more accurate explanation for what happened - i.e., the illegal immigration floodgates that were opened by the Biden admin.
Which is also why Biden's handlers will do everything in their power to insure there is no
official recession before November...
and why after the election is over, all economic hell will finally break loose. Until then, however, expect the jobs numbers to get even more ridiculous.
