The Bureau of Labor Statistics has taken a second look at all of the jobs that were supposedly created during Biden's last year in office before the election and found something ... interesting.
Even I, as a supreme skeptic of the Biden admin and everything that comes out of D.C., did not see this one coming.
I mean, sure, the numbers were fake. But they were ALL made up?
The Biden administration claimed to have added almost 400,000 jobs from July through September of last year, but new data released this week suggest none of those jobs ever existed ...
Here's how Townhall has come up with this stat:
While these monthly job reports are compiled from a survey of over 600,000 businesses, of which fewer than 200,000 are surveyed each month. But the BLS also publishes much more comprehensive quarterly data called Business Employment Dynamics (BED) that come from a census of over 12 million businesses — that's over 17 times the sample size of the monthly job reports' survey.
This more accurate dataset was just released by the BLS for the third quarter of last year, which ran from the start of July through the end of September. In stark contrast to the monthly job reports showing an increase of 399,000 jobs during the third quarter, these new numbers show a decline of 1,000 private-sector jobs.
Now, these don't measure the exact same thing, so it would be wrong to call this a "correction."
The more accurate data are in the second analysis, which shows that instead of adding 399,000 new jobs in the last quarter of 2024, we LOST 1,000 jobs.
Now, I'm no math wiz, but I think that's a difference of about 400,000.
We've got some important questions to ask about the Bureau of Labor Statistics.
Why, indeed.
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