Posted 12-21-2022 at 18:21:30 [URL] [DELETE]
[Reply] [Email] |
Dimento Joe's nose grows...
"Florida Republican Sen. Rick Scott is crying foul on that particular narrative after a recent bombshell report by the Federal Reserve Bank of Philadelphia revealed that the second-quarter job growth numbers touted by the president and his mouthpieces are way off the mark.
Previously, the Biden administration bragged that between March and June, over a million jobs had been created, based on estimates from the Bureau of Labor Statistics.
The number made for strong headlines and a much-needed economic bragging point for a struggling presidency.
“Our job market remains historically strong, with unemployment at 3.6% and more than 1 million jobs created in the second quarter alone,” the White House boasted on July 28.
The revised numbers from the Philadelphia Fed show that the real number is a tiny fraction of that: Only 10,500 jobs were added in that time frame.