If you’ve been on social media today, you’ve probably seen Democrats and people on the left praising the September jobs report and talking about how Bidenomics helps the middle class.
Joe Biden offered views on the terrible September jobs report on Friday and you have to wonder if he knows how to read it because his views are contrary to what the report actually says.
We all know that under the Biden administration, the numbers on these reports are usually changed over time to reflect reality, which isn’t good for Biden or the Democrats.
Some people who are having a problem making the data make sense took to social media.
“So it’s confusing as hell when you get such large disparities, but I think the data kind of tells the story. More people left the labor force than entered it. 86k more people were working At least 123k people took 2nd jobs. And more people left the labor force than entered.”
So it's confusing as hell when you get such large disparities, but I think the data kind of tells the story.
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More people left the labor force than entered it.
86k more people were working
At least 123k people took 2nd jobs.
And more people left the labor force than entered. pic.twitter.com/1jPwN9vDdD— Frog Capital (@FrogNews) October 6, 2023
“Key to those rosy unemployment numbers: roughly 5 million Americans who dropped out of the labor force. Simplest way to get unemployment down: just don’t count them”
Key to those rosy unemployment numbers: roughly 5 million Americans who dropped out of the labor force.
Simplest way to get unemployment down: just don't count them 🫡 https://t.co/N00fOHdA3E
— Peter St Onge, Ph.D. (@profstonge) October 6, 2023
That’s what Democrats do. When Fast Eddie Rendell was mayor of Philadelphia, he lowered the crime statistics by not reporting them.
The Biden administration is once again playing games with numbers to make the September jobs report look better than it really is. It’s understandable that an administration wants to look the best it can in any scenario, but there are limits to doing that, and this administration lies about everything, all the time. And they expect you to believe them when they are so patently lying to you.
“The U.S. economy added 336,000 jobs in September, the Labor Department said. Economists polled by Dow Jones expected 170,000 jobs. To be sure, wages rose less than expected last month,” according to CNBC.
A thorough examination of the numbers reveals a different narrative. The new occupations are largely seasonal, like teachers and part-time jobs.
FX & Global Macro Strategist Viraj Patel took to social media to share some curiosity about the reports.
“I wonder how much of the payrolls upside is to do with seasonal quirks more than anything. Take Leisure & Hospitality. Official adjusted data shows this add +96k jobs. But unadjusted data shows sector shed 466k jobs in Sep. Unadjusted private sector payrolls was -399k $USD“
⚠️ I wonder how much of the payrolls upside is to do with seasonal quirks more than anything. Take Leisure & Hospitality. Official adjusted data shows this add +96k jobs. But unadjusted data shows sector shed 466k jobs in Sep. Unadjusted private sector payrolls was -399k 🤷♂️ $USD pic.twitter.com/ME1VFf4RHp
— Viraj Patel (@VPatelFX) October 6, 2023
The real job numbers have been broken down by Zero Hedge, and they aren’t good.
Zero Hedge also chimed in.
“Inside Today’s Jobs Report: 885,000 Full-Time Jobs Lost, 1.127 Million Part-Time Jobs Added”
Inside Today's Jobs Report: 885,000 Full-Time Jobs Lost, 1.127 Million Part-Time Jobs Added https://t.co/TB3b2tX7Ll
— zerohedge (@zerohedge) October 6, 2023
During his remarks in the Roosevelt Room on Friday, Biden crowed.
“Inflation’s coming down!” Biden stated.
BIDEN: "Inflation's coming down!"
When Biden took office, inflation was 1.4% and gas was $2.39/gal. Today, inflation is 3.7% and gas is $3.75/gal. pic.twitter.com/o7TS4mAaG7
— RNC Research (@RNCResearch) October 6, 2023
This, of course, is nothing more than another in a long line of Biden bald-faced lies. Inflation is still too high. Prices at the pump are skyrocketing again. The country is feeling it. Every time Americans go to the supermarket, they feel it.
Democrats practice performative truth theory where they make a declarative statement, and the statement itself is the reality that they will later cite as an objective truth. Meanwhile, the whole idea was fabricated from thin air, probably some of the same air that occupies the space between both of Joe Biden’s ears.
Biden has the chutzpah to assert that Americans “know” they are better off financially as a result of Bidenomics. I don’t know any working-class or middle-class family that is better off after Bidenomics began its intentional destruction of our economy.
BIDEN: "I think [Americans] know they're better off financially than they were before — it's a fact!"
A plurality of Americans say they are NOT as well off as they were when Biden took office — the highest number in the poll’s history. pic.twitter.com/LpomnxjqcV
— RNC Research (@RNCResearch) October 6, 2023
To sum it all up, 885,000 jobs were lost. 1.127 million jobs were created but they were all part-time jobs that will not feed your family unless you have two or three of them.
Bidenomics is the death knell of the American economy. The lies told by Biden and his administration are not credible. No amount of ice can make a dead fish smell nice.
