You know how every month the preliminary jobs report is "surprisingly good" before it is quietly readjusted down a month or two later to "not very good at all"?
Now factor in the number of people hired by the government, which doesn't generate capital but taxes it, and see what a joke the job numbers are.
Job creation in March easily topped expectations in a sign of continued acceleration for what has been a bustling and resilient labor market.
Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for a rise of 200,000 and higher than the downwardly revised 270,000 gain in February, the Labor Department's Bureau of Labor Statistics reported Friday.
"Downwardly revised" is how every month is described now because we live in 1984 and they don't want us to know how bad things are ahead of an election.
Let's look at those 303,000 jobs, shall we?
Yeah, that's a real statistic.
Health care led with 72,000 new jobs, followed by government (71,000), leisure and hospitality (49,000), and construction (39,000).
There were 303,000 new jobs but 71,000 of them were government jobs. 1 in 4 new jobs (before they downgrade the number again) belong to new government pencil pushers.
That's what we like to call fudging the numbers. Like, the economy is better because we're growing government at such an insane rate that SEVENTY-ONE THOUSAND new bureaucrats were hired in a single month.
Government creating jobs IN THE GOVERNMENT is like printing more money. They aren't real jobs for the most part and they certainly aren't helping get the economy running again.
It really is such a cheat code to do what Biden's doing.
"Bad job report coming? No prob, just hire tens of thousands of new government employees and pump those numbers up!"
Don't even get me started on healthcare, bloated and subsidized by the government as it is, or hospitality and construction, which are largely part-time, involve "migrants" as a sizable portion of the workforce, and involve government contracting as well.
Here's a nerdy overview if you want more:
When those job numbers finally fall in a month or two so we know the actual figures, don't expect to see that the government grew less than we see here.
1 in 4 new jobs being government jobs is probably a conservative estimate!!
P.S. Now check out our latest video 👇
