‘Recession May Have Already Begun’: Biden Admin Admits It Overestimated Employment By Nearly 1 Million Jobs
The federal government overestimated the number of jobs in the U.S. economy by 818,000 between April 2023 and March 2024, according to data from the Bureau of Labor Statistics released Wednesday, stoking fears of a slowdown in the U.S. economy. Economists at Goldman Sachs (GS) and Wells Fargo anticipated the government had overestimated job growth …