The 818,000 jobs that Kamala Harris and Joe Biden claimed to have “created” over the last year aren’t actually there.
The nonfarm payroll growth was revised down, the Bureau of Labor Statistics said on Wednesday.
This is the largest downward revision in 15 years.
CNBC reported:
The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday.
As part of its preliminary annual benchmark revisions to the nonfarm payroll numbers, the Bureau of Labor Statistics said the actual job growth was nearly 30% less than the initially reported 2.9 million from April 2023 through March of this year.
The revision to the total payrolls level of -0.5% is the largest since 2009. The numbers are routinely revised each month, but the BLS does a broader revision each year when it gets the results of the Quarterly Census of Employment and Wages.
CNBC’s Rick Santelli reacted to the news:
BREAKING: 818,000 jobs that the Harris-Biden administration claimed to have “created” aren’t actually there, according to the Bureau of Labor Statistics.
This is the largest downward revision to employment in 15 years. pic.twitter.com/6ryjKs5kbK
— RNC Research (@RNCResearch) August 21, 2024
CNBC’s Steve Liesman said you’d have to go back to 2009 to see a bigger revision back when the economy was in freefall.
The post BREAKING: 818,000 Jobs That Joe and Kamala Claimed to Have Created Aren’t Actually There! Largest Downward Revision to Employment in 15 Years appeared first on The Gateway Pundit.
Source: The Gateway Pundit
Disclaimer: TruthPuke LLC hereby clarifies that the editors, in numerous instances, are not accountable for the origination of news posts. Furthermore, the expression of opinions within exclusives authored by TruthPuke Editors does not automatically reflect the viewpoints or convictions held by TruthPuke Management.
