Today’s job numbers are as shocking as Joe Biden’s win in the 2020 Election – meaning they’re garbage. Here’s more on the unrealistic and dishonest reporting coming from the BLS.
We reported earlier on how today’s job numbers coming out of the Bureau of Labor Statistics (BLS) made no sense:
Now we have more on these over-the-top numbers. Zerohedge reports:
For those who only look at headlines, today’s payrolls report was a veritable shock: coming in at 467K, it was almost 4x the consensus median expectation of 125K, and was orders of magnitude above Goldman’s forecast of -250K. Putting the stunning, 3-sigma beat in context, it came above all 78 estimates, and was more than double the highest forecast of 225K from HSBC. Even more ludicrous were historical adjustments which saw December increased from 199K to 510K, November from 249K to 647K and so on.
The plot thickens:
They are telling us what they want us to hear to make them look good!
Good news is that we already know they’re telling us BS!
Historically, data of this type is collected and processed professionally, and the results are embargoed from all inside and outside parties until released. No longer. A maladministration in which all agencies and departments kowtow to the Party line is now in place.
Mark Twain is credited with: ‘There’s lies, damned lies and statistics.’ Caveat emptor!