Biden’s Dept of Fake Data persists in downplaying the dire jobs situation, risking the stability of the economy. Job openings are plummeting, mirroring past financial crises, as the consumer’s dwindling savings set off alarming warnings about impending economic turmoil.
Biden's Dept of Fake Data doing its thing:
August jobs revised down by 62,000, from +227K to +165K
September was revised down by 39,000, from +336K to +297K
8 of the past 9 months have been revised lower pic.twitter.com/nI2osu1yIn
— zerohedge (@zerohedge) November 3, 2023
They keep doing this
Regime Media: “Wow look how many jobs are being created!”
Then the fine print reveals it’s mostly part-time jobs and gov’t jobs
Then they quietly cut those numbers by 100,000 a month later
North Korea doesn’t gaslight this hard! https://t.co/FTf9YF08Ix
— DC_Draino (@DC_Draino) November 3, 2023
BREAKING! US nonfarm #payrolls grew by 150K in October, LESS than expected.
2-month net revision: MINUS 101K.
Is this the start of the real labor market weakening? pic.twitter.com/UDRIqDefPt— jeroen blokland (@jsblokland) November 3, 2023
CNBC: The underemployment rate "continues to move up" while labor force participation is "going in the wrong direction."
That's Bidenomics! pic.twitter.com/VrBqdUTGEt
— RNC Research (@RNCResearch) November 3, 2023
JOB SITUATION pic.twitter.com/k6goaa9fx8
— Win Smart, CFA (@WinfieldSmart) November 3, 2023
The labor market is nearing trouble
Job openings have been falling off a cliff
Similar declines have occurred 3 times since 2000:
– Dot Com bubble
– Financial Crisis
– PandemicAll of them ended with a lot economic volatility
The worst part: This is happening at a time when… pic.twitter.com/8z4al65ABb
— Game of Trades (@GameofTrades_) November 3, 2023
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