Philly Fed reveals Q2 state employment decline, contradicting Biden administration’s inflated claims. Ed Dowd: “This is a leading indicator that something went horribly wrong at the BLS.”

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Peak season layoffs hit UPS, Amazon, and FedEx.


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Sources:

https://www.philadelphiafed.org/-/media/frbp/assets/surveys-and-data/benchmark-revisions/2024/early-benchmark-2024-q2-report.pdf

https://www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/early-benchmark-revisions

https://www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/state-employment

https://intellizence.com/insights/layoff-downsizing/leading-companies-announcing-layoffs-and-hiring-freezes/

 


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