An assessment from the Philadelphia Federal Reserve has found that the Bureau of Labor Statistics dramatically overstated second quarter jobs numbers, prompting scrutiny from Republicans who have raised concerns of politically motivated manipulation of federal statistics.
The BLS reported that the U.S. economy saw a net gain of 1,047,000 jobs in the second quarter, per the Washington Times, while the Philadelphia Fed contends the figure was actually a mere 10,500 jobs.
Moreover, BLS data overstated employment numbers in 29 states and the District of Columbia by significant margins compared to the same metrics from the Philadelphia Fed report.
In some states, the differences were stark. In President Joe Biden’s home state of Delaware, for example, the BLS had reported a 4.5% increase in payroll jobs, whereas the Philadelphia Fed found the actual rate was a 4.1% loss.
The Philadelphia Fed contends that its metrics are more reliable because it draws its data from the “more comprehensive, accurate job estimates released by the BLS as part of its Quarterly Census of Employment and Wages program,” per the outlet. The BLS stats use monthly reported data.
No doubt. Things are alot worse than they would have us believe. They don’t care.
More LIES from Biden Fake Administration !!!!!!
In Stolen office since 2020 Election !!!!!!!! Not Elected