A startling revelation emerges as conflicting job reports unveil a stark contrast in employment data. Despite official claims of a robust job market with a 640,000 increase in nonfarm payrolls, the quarterly census of employment and wages paints a different picture, indicating a shocking loss of 192,000 private sector jobs during the same period. As scrutiny intensifies over the accuracy and reliability of job statistics, the discrepancy underscores the importance of comprehensive data analysis in understanding the true state of the economy.
From BLS site: "The Quarterly Census of Employment and Wages (QCEW) program publishes a quarterly count of employment and wages reported by employers covering more than 95 percent of U.S. jobs [emphasis added], available at the county, MSA, state and national levels by industry."
— E.J. Antoni, Ph.D. (@RealEJAntoni) April 24, 2024
Yep, here are reported vs revised monthly numbers: pic.twitter.com/1a125D28Ja
— Bob (@BikingForBeer) April 24, 2024
— Courtney Galina ⚡️ (@MuseMelodic) April 24, 2024
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