SHADES OF OBAMA – January Job Numbers Doubled the Highest Estimate of 78 Experts – And You’re Supposed to Believe This is Real

[livingston]

Here It Comes, ADP Reporting a Massive Loss in January Jobs of 301,000​

The business and financial wires are melting down today as ADP Payrolls, the nation’s largest private sector payroll providing service, releases data from January showing a drop of 301,000 jobs. [ADP Raw Data Here]

Given the nature of how heavily manipulated the government institutions are, there’s a strong likelihood the Bureau of Labor and Statistics have been surprised by their January employment polling results. That internal tremor, a concern amid the political tribe, is then conveyed to someone, who then relays the warning to the White House economic team…. and that’s how Jennifer Psaki received the briefing material last Monday.
The real dynamic inside the economy has been hidden by federal spending, bailouts and payroll support. However, that spending has contributed to the inflation that is creating the need for federal subsidies. We are in a circular economic argument created by White House economic policy.

Here It Comes, ADP Reporting a Massive Loss in January Jobs of 301,000 - The Last Refuge

What we are witnessing are the outcomes of massive inflation not hitting the labor market.

theconservativetreehouse.com

We’ve been saying this since the Obama years, that the US government was seriously fudging numbers to make Obama/Biden look better and Trump look worse. But today’s numbers top the cake.​

The US Government claims that Biden gained 467,000 jobs last month. A total that doubles the highest of 78 experts expectations.


Zerohedge reported on the BLS results with skepticism as well.

So much for all those hoping that January payrolls would be a huge miss (due to Omicron or not) and perhaps slow the Fed’s rate hike intentions: moments ago the BLS unleashed a two-for-one shock when it unveiled that not only did January payrolls print at a huge 467K, almost four times higher than the 125K expected (and as a reminder, Goldman expected -250K)…

… but the BLS also revised December payrolls from 199K to 510K. And there’s more: as part of the BLS’s annual revisions, November was revised from 249K to 647K. This means that the previous two months revisions were 709K higher! A quick look at the historical adjustments shows that covid may have never happened with every month rising on average about 500K!

The print was a 3-sigma beat relative to expectations. Putting it in context, not a single analyst out of 78 expected a number anywhere close to this and in fact the print came in at double the highest forecast…

SHADES OF OBAMA - January Job Numbers Doubled the Highest Estimate of 78 Experts - And You're Supposed to Believe This is Real | The Gateway Pundit | by Joe Hoft

We’ve been saying this since the Obama years, that the US government was seriously fudging numbers to make Obama/Biden look better and Trump look worse. But today’s numbers top the cake.

www.thegatewaypundit.com

 

[Deplorable Me]

Maybe they reclassified looting and shoplifting as career professions?

 

[Saltwater60]

There’s just no way no just read an article how they were saying it would be the worst jobs report since Dec 2020. I heard the same 300K lost jobs.
One needs to understand how unemployed and job loss is tracked though. If I fall off of unemployment and just give up looking for a job I no longer count even though under Trump 4 million more workers were in the workforce. That’s why Biden and trumps unemployment numbers are the same when Trump had about 4-5 million more workers employed.

 

[Dr. Evil]

Meanwhile with inflation many are still making less. Yay.

 

[tirwin1]

Short answer: seasonal adjustments. These are made to every month's unemployment numbers. There is a annual cycle to employment trends as seasonal work in the summer and december months ramps up and then ramps down. To prevent large swings that might shock the markets the government decades ago started adjusting the raw numbers with "seasonal adjustment" factors. Nothing wrong in theory but there has always been criticism of the approach used.

According to this article the entire gain was based on the largest seasonal adjustment ever:

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Time will tell what is really going on.

 

[Cooolone]

Time will tell? Really?

I'm finding it funny that there's so many businesses CLOSED... So many HELP WANTED signs that never get taken down... So much bullshit that I hear and or someone tells me they can't find a job or people aren't hiring!

But here we have the Federal Govt somehow or another finding Unicorns!

Gimme a fucking break!!! It's all nothing but a lot of bullshit! Almost a half million jobs "created"??? Hahahahahahahaha, yeah ok!

 

[prambo]

Here It Comes, ADP Reporting a Massive Loss in January Jobs of 301,000​

The business and financial wires are melting down today as ADP Payrolls, the nation’s largest private sector payroll providing service, releases data from January showing a drop of 301,000 jobs. [ADP Raw Data Here]

Given the nature of how heavily manipulated the government institutions are, there’s a strong likelihood the Bureau of Labor and Statistics have been surprised by their January employment polling results. That internal tremor, a concern amid the political tribe, is then conveyed to someone, who then relays the warning to the White House economic team…. and that’s how Jennifer Psaki received the briefing material last Monday.
The real dynamic inside the economy has been hidden by federal spending, bailouts and payroll support. However, that spending has contributed to the inflation that is creating the need for federal subsidies. We are in a circular economic argument created by White House economic policy.

Here It Comes, ADP Reporting a Massive Loss in January Jobs of 301,000 - The Last Refuge

What we are witnessing are the outcomes of massive inflation not hitting the labor market.

theconservativetreehouse.com

We’ve been saying this since the Obama years, that the US government was seriously fudging numbers to make Obama/Biden look better and Trump look worse. But today’s numbers top the cake.​

The US Government claims that Biden gained 467,000 jobs last month. A total that doubles the highest of 78 experts expectations.


Zerohedge reported on the BLS results with skepticism as well.


So much for all those hoping that January payrolls would be a huge miss (due to Omicron or not) and perhaps slow the Fed’s rate hike intentions: moments ago the BLS unleashed a two-for-one shock when it unveiled that not only did January payrolls print at a huge 467K, almost four times higher than the 125K expected (and as a reminder, Goldman expected -250K)…

The print was a 3-sigma beat relative to expectations. Putting it in context, not a single analyst out of 78 expected a number anywhere close to this and in fact the print came in at double the highest forecast…

SHADES OF OBAMA - January Job Numbers Doubled the Highest Estimate of 78 Experts - And You're Supposed to Believe This is Real | The Gateway Pundit | by Joe Hoft

We’ve been saying this since the Obama years, that the US government was seriously fudging numbers to make Obama/Biden look better and Trump look worse. But today’s numbers top the cake.

www.thegatewaypundit.com

They're just embracing the economic methods of their idol...c'mon man!!!

 

[tirwin1]

Time will tell? Really?

I'm finding it funny that there's so many businesses CLOSED... So many HELP WANTED signs that never get taken down... So much bullshit that I hear and or someone tells me they can't find a job or people aren't hiring!

But here we have the Federal Govt somehow or another finding Unicorns!

Gimme a fucking break!!! It's all nothing but a lot of bullshit! Almost a half million jobs "created"??? Hahahahahahahaha, yeah ok!

View attachment 145578

I have a relative who works on wall street. We have a debate going on. I say we're heading towards 1970's style stagflation. He agrees with the inflation aspect but disagrees on the economy stagnating. One of us will be proven correct in the not too distant future.

It would not surprise me if the Biden administration has corrupted the economic statistics from the BLS. They've corrupted just about everything else.

 

[spat]

Time will tell? Really?

I'm finding it funny that there's so many businesses CLOSED... So many HELP WANTED signs that never get taken down... So much bullshit that I hear and or someone tells me they can't find a job or people aren't hiring!

But here we have the Federal Govt somehow or another finding Unicorns!

Gimme a fucking break!!! It's all nothing but a lot of bullshit! Almost a half million jobs "created"??? Hahahahahahahaha, yeah ok!

View attachment 145578

"It appeared that there had even been demonstrations to thank Big Brother for raising the chocolate ration to twenty grams a week. And only yesterday […] it had been announced that the ration was to be reduced to twenty grams a week. Was it possible that they could swallow that, after only twenty-four hours? Yes, they swallowed it. [...] The eyeless crature at the other table swallowed it fanatically. passionately, with a furious desire to track down, denounce, and vaporize anyone who should suggest that last week the ration had been thirty grams. Syme, too-in some more double complex way, involving doublethink-Syme, swallow it. Was he, then, alone in the possession of a memory?"

- Orwell, 1984