Liberal Forum

First, the BLS reported an increase in nonfarm payrolls of 216,000 in December, which beat Wall Street’s expectations. But that increase comes on the heels of November and October being revised down by 71,000 payrolls. One-third of the jobs allegedly added in December were ones we thought we already had.

The second red flag is the unemployment rate. The rate stayed low because about 680,000 people left the workforce and were no longer counted as unemployed.

Third on the list is the kinds of jobs being created: they’re all part-time.  
Last month, the economy shed a whopping 1.5 million full-time jobs, the biggest monthly plunge since 2020 when the government made it illegal for people to go to work. December continued the trend of people with full-time jobs having to add a part-time job to their work schedule, as they tried to make ends meet. That rocketed the number of multiple-job holders to a new record high of 8.6 million. This is important to know because every time someone gets an additional job on top of their first job, it’s counted as an additional payroll.  The BLS survey of households confirms this, showing roughly no additional people were employed in December versus half a year earlier in July. 

Fourth, the supposed job growth last month was disproportionately government jobs, accounting for about one-quarter of the total. That’s troubling because you need many private-sector jobs to support a single government one through tax revenue, and a three-to-one ratio is insufficient. This is simply untenable.It’s no exaggeration to say most of the job growth last year stems from unsustainable, and inflationary, federal deficit spending.


A fifth concern from the BLS data is that native-born workers have been left behind for the last three years. The employment level of these Americans is millions below its pre-pandemic trend, while foreign-born workers returned to their pre-pandemic trend over a year ago.







5 ugly details the Biden admin won’t tell you about the December jobs report (msn.com)

righteous » 14 Jan 2024, 8:03 pm » wrote: ↑

14 Jan 2024, 8:03 pm

First, the BLS reported an increase in nonfarm payrolls of 216,000 in December, which beat Wall Street’s expectations. But that increase comes on the heels of November and October being revised down by 71,000 payrolls. One-third of the jobs allegedly added in December were ones we thought we already had.

The second red flag is the unemployment rate. The rate stayed low because about 680,000 people left the workforce and were no longer counted as unemployed.

Third on the list is the kinds of jobs being created: they’re all part-time.  
Last month, the economy shed a whopping 1.5 million full-time jobs, the biggest monthly plunge since 2020 when the government made it illegal for people to go to work. December continued the trend of people with full-time jobs having to add a part-time job to their work schedule, as they tried to make ends meet. That rocketed the number of multiple-job holders to a new record high of 8.6 million. This is important to know because every time someone gets an additional job on top of their first job, it’s counted as an additional payroll.  The BLS survey of households confirms this, showing roughly no additional people were employed in December versus half a year earlier in July. 

Fourth, the supposed job growth last month was disproportionately government jobs, accounting for about one-quarter of the total. That’s troubling because you need many private-sector jobs to support a single government one through tax revenue, and a three-to-one ratio is insufficient. This is simply untenable.It’s no exaggeration to say most of the job growth last year stems from unsustainable, and inflationary, federal deficit spending.

A fifth concern from the BLS data is that native-born workers have been left behind for the last three years. The employment level of these Americans is millions below its pre-pandemic trend, while foreign-born workers returned to their pre-pandemic trend over a year ago.

5 ugly details the Biden admin won’t tell you about the December jobs report (msn.com)

^^^^^^ this is the thing. You're correct. But yet the libtards hear a number.. Probably also an exaggeration and they believe it. That's why i always say- It's cooking the books. Good post!
 

KJP will have an explanation at her next press briefing

First, the BLS reported an increase in nonfarm payrolls of 216,000 in December, which beat Wall Street’s expectations.


Biden has been beating expectations his whole presidency.

Bidencrimefamily » 15 Jan 2024, 9:40 am » wrote: ↑

15 Jan 2024, 9:40 am

First, the BLS reported an increase in nonfarm payrolls of 216,000 in December, which beat Wall Street’s expectations.

Biden has been beating expectations his whole presidency.

what about the other 4 issues?

BuckNaked » 15 Jan 2024, 9:42 am » wrote: ↑

15 Jan 2024, 9:42 am

what about the other 4 issues?

Just republican talking points. 

The economy is have growing incomes record job creation and higher GDP than under trump. 
 

Bidencrimefamily » 15 Jan 2024, 9:49 am » wrote: ↑

15 Jan 2024, 9:49 am

Just republican talking points. 

The economy is have growing incomes record job creation and higher GDP than under trump.

growing incomes where?   

Bidencrimefamily » 15 Jan 2024, 9:49 am » wrote: ↑

15 Jan 2024, 9:49 am

Just republican talking points. 

The economy is have growing incomes record job creation and higher GDP than under trump.

You'd think if that were true he would be more popular, yet his approvals are tanking.
 

BuckNaked » 15 Jan 2024, 9:53 am » wrote: ↑

15 Jan 2024, 9:53 am

growing incomes where?

I hear the Bidens are doing pretty good.
 

Cedar » 15 Jan 2024, 9:56 am » wrote: ↑

15 Jan 2024, 9:56 am

I hear the Bidens are doing pretty good.

Blahahahaha