It’s a fasad…the numbers are fake. This is just for the State of the Union speech to prop up the democrats and deflect the inflation rate, crime, and open borders…
It will be “revised” down by a lot later…
Jobs are going into the tank, especially good paying jobs.
Many large companies are laying off massive numbers of workers, many large companies will be filing bankruptcy, and soon all the auto companies will have lots full of unsold vehicles, real estate is already not selling as well, and it is a trend that will continue for the foreseeable future.
The democrat politicians are just smoke and mirrors, all liars, fakes, and narcissist’s.
They are covering up all their corruption, bad management, and incompetency.
There 2.5 million jobs lost in January.
That is the real number, and those jobs are actually gone.
The “500,000 jobs added” number comes because we lose jobs after after Christmas season so every January jobs report is “seasonally adjusted.” This year the seasonal adjustment number 3 million. Simple subtraction shows 500,000 added.
This happens every year. Every president “gets this” four times.
When the CATO institute says “The number is a lie and we can prove it,” then the number is a lie and CATO can prove it.
When the CATO institute says “This year’s number is suspect” then this year’s number is suspect.
Former Treasury Secretary Lawrence Summers highlighted the risk of a sudden downturn in the economy after a surge in jobs growth that dwarfed expectations. . . .
Summers spoke after the January US employment report showed a 517,000 increase in payrolls, well above the highest estimate in the Bloomberg survey of economists. The unemployment rate dipped to 3.4%, the lowest level since 1969. . .
“I still do think there is the risk” of a kind of a Wile E. Coyote moment, Summers said in reference to the cartoon character that falls off a cliff. . . .
The danger is still that the reduction in inflation “will be transitory — I think that risk is greater than I think the Fed thinks it is,” he said. . . .