EN
FR
By Michael,
I can’t take it anymore. Fake numbers that are released by the government get turned into fake news by the corporate media, and many Americans don’t even realize that they are being conned. Major news outlets all over the country are breathlessly trumpeting the “blockbuster jobs report” as if it is a sign from heaven that good economic times are ahead. We are being told that the U.S. economy added 517,000 jobs last month, but that isn’t true. Sadly, the truth is that the U.S. economy actually lost 2.5 million jobs in January. Yes, you read that correctly. So how in the world does a loss of 2.5 million jobs become a “gain” of 517,000 jobs? Every month, government bureaucrats apply “adjustments” to the numbers that they believe are appropriate, and at this point their “adjustments” have become so absurd that they have turned the monthly employment report into a total farce.
As I have been documenting on my website for weeks, there has been a tremendous wave of layoffs over the last several months.
Google, Microsoft, Amazon, Apple, Facebook, Lyft, Twitter, Walmart, McDonald’s, FedEx and countless other large corporations have decided to conduct mass layoffs.
But now the government expects us to believe that the U.S. economy is actually adding jobs at a very brisk pace?
That doesn’t make any sense at all.
Unfortunately, the corporate media is totally buying it. For example, CNBC just posted an article that described the jobs report as “stunningly strong”…
The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their biggest gain since July 2022.
Nonfarm payrolls increased by 517,000 for January, above the Dow Jones estimate of 187,000 and December’s gain of 260,000, according to a Labor Department report Friday.
And a CNN article has quoted one expert as saying that “the labor market is more like a bullet train”…
“With 517,000 new jobs added in January 2023 and the unemployment rate at 3.4%, this is a blockbuster report demonstrating that the labor market is more like a bullet train,” Becky Frankiewicz, president and chief commercial officer of ManpowerGroup, said Friday.
Really?
After all of the layoffs that we have witnessed in recent months, does she really believe that?
Not to be outdone, Moody’s Chief Economist Mark Zandi boldly declared that any concerns about a coming recession “should be completely dashed by these numbers”…
The January jobs report should “dash” concerns of recession, Moody’s chief economist said Friday, but warned that the numbers may overstate job growth.
“Any concern the economy is in recession or close to a recession should be completely dashed by these numbers,” Moody’s Chief Economist Mark Zandi told CNN’s Matt Egan on Friday, adding that it would take “an awful lot” to send the US economy into a downturn.
Come on man.
You are smarter than that.
The U.S. economy did not add 517,000 jobs last month.
That is the “adjusted” number.
The “unadjusted” number actually shows that the U.S. economy lost 2.5 million jobs last month. The following comes from Bloomberg…
For the establishment survey, the government’s updated seasonal factors may have impacted the headline payrolls figure. On an unadjusted basis, payrolls actually fell by 2.5 million last month.
That is actually what was measured.
But if you brazenly add more than 3 million jobs to the report that simply do not exist, it makes it look like the U.S. economy is doing just great.
Needless to say, Joe Biden was quite eager to take credit for the “spectacular” jobs report, and he also told reporters that he takes no responsibility for the raging inflation crisis that we are currently experiencing…
He replied with an emphatic ‘no’ when asked if he took any accountability for the price rises under his presidency. ‘It was already there when I got here, man.’
‘Remember what the economy was like when I got here? Jobs were hemorrhaging. Inflation was rising. We weren’t manufacturing the damn thing here. We were in real economic difficulty.’
Inflation in January 2021 when Biden took office was 1.4 percent. The latest December figures were 6.5 percent, down from a June 2022 peak of 9 percent.
For the next month, the Biden administration is going to endlessly boast that 517,000 jobs were added to the economy in January, and most Americans will never even know that it is a number that is entirely fictional.
The cold, hard reality of the matter is that economic activity is slowing down all around us, and many people are starting to become quite desperate…
Video out of Austin, Texas, shows desperate people climbing into supermarket dumpsters to retrieve food that may have been discarded due to a widespread power outage.
The shocking footage Thursday from behind an H-E-B grocery store in Southeast Austin featured people having a free-for-all from dumpsters, in what one commenter on Instagram described as a “dystopian hellscape.”
From now on, I really wish that the government would only release the raw, unadjusted employment numbers to the corporate media.
Because there is way too much guesswork that goes into the “adjustments” that the government bureaucrats are coming up with.
But that is never going to happen.
Every month they are just going to continue to tell us that things are better than they really are.
At least that will give me something to write about.
If anyone tries to shove the “517,000 jobs” number in your face, please share this article with them.
That figure does not reflect reality in any way.
The raw numbers show that 2.5 million jobs were actually lost last month, and that is absolutely horrible.
And as I continue to warn my readers, incredibly challenging economic times are on the horizon.
More layoffs are coming, the housing market is going to continue to crash, and global food shortages are going to continue to intensify.
So don’t let anyone fool you. We really are plunging into a very serious economic downturn, and the months ahead are not going to be pleasant.
Source: https://theeconomiccollapseblog.com
Your Tax Free Donations Are Appreciated and Help Fund our Volunteer Website
Disclaimer: We at Prepare for Change (PFC) bring you information that is not offered by the mainstream news, and therefore may seem controversial. The opinions, views, statements, and/or information we present are not necessarily promoted, endorsed, espoused, or agreed to by Prepare for Change, its leadership Council, members, those who work with PFC, or those who read its content. However, they are hopefully provocative. Please use discernment! Use logical thinking, your own intuition and your own connection with Source, Spirit and Natural Laws to help you determine what is true and what is not. By sharing information and seeding dialogue, it is our goal to raise consciousness and awareness of higher truths to free us from enslavement of the matrix in this material realm.
The fact that people keep going back for boosters means that they will believe anything the gov/media will tell them and that is why they will keep lying to us until we wake up en mass to be more specific .It will be a hurdle as the only way around their game will be mass demonstration all over the world and communicating same via channels that are still available ,otherwise ,demonstrations against tyranny of the globalist will just be crickets .We need an upgrade in consciousness so that this communication can be done without words being spoken .It is possible .
Michael,
I love your article; it is true that our economy and job growth are collapsing.
Artificial high inflation, created product shortages were created by NWO – satanic deep state to create mass starvation of unaware masses and to kill them by covid vaccination.
Add to it unconstitutional lock down due to covid bioweapons that were created to exterminate small businesses/competition and the people to take totalitarian control by communist monopolies with headquarters in communist China.
Now communist masses have no product choice, so they can eat poisons made and imported from China. These idiots loved so much open borders global f..k, all made in communist China, exterminating domestic production, product choices around the globe.
Formula how to identify Marxist/communist/socialist totalitarian system structure.
High inflation = higher taxation, product shortages, this is the product of Marxist/communist monopoly in charge in our government, media. It indicates also mergers/acquisitions to create monopoly, high unemployment, the collapse of economy, poverty, starvation, bioweapons…
All above was predictable, I wrote about it more than 10 years ago.
I wanted to add that we have also formula how to destroy this
satanic global NWO- Deep state Marxist/communist system structure.
1. The compliance with an American Constitution is the solution to all problems.
2. We have antitrust laws to break down all monopolies and their totalitarian price market control. Make a note that corrupted Marxist/communist government is doing nothing to apply antitrust law, except taking bribes. Antitrust laws are also global.
"Antitrust laws protect competition. Free and open competition benefits consumers by ensuring lower prices and new and better products. In a freely competitive market, each competing business generally will try to attract consumers by cutting its prices and increasing the quality of its products or services"