In the run-up to the mid-terms old Joe and the Democrat's based much of their claim that the economy was doing well on the claim that over 1 million jobs had been created during the previous quarter (March through June 2022).
The White House released a statement in July crowing that
Biden himself declared "Our job market remains historically strong, with unemployment at 3.6% and more than 1 million jobs created in the second quarter alone."
Now, a couple of months after the mid-terms, we learn that this was utter bovine scat.
And the numbers weren't just off by a little bit.
The Philadelphia Federal Reserve just released a report finding that earlier reports were off a bit. Basically, of the million jobs that were said to be created, they were off by about a million.
That's right. The report found that only "10,500 net new jobs were added during the period rather than the 1,121,500 jobs estimated by the sum of the states."
10,500, not 1,121,500.
So far the Big Three networks haven't found that worthy to report.
The White House released a statement in July crowing that
[i]n fact, the 1.1 million jobs created in the second quarter—an average of around 375,000 jobs per month — is more than three times more jobs created than in any three-month period leading up to a recession.
Biden himself declared "Our job market remains historically strong, with unemployment at 3.6% and more than 1 million jobs created in the second quarter alone."
Now, a couple of months after the mid-terms, we learn that this was utter bovine scat.
And the numbers weren't just off by a little bit.
The Philadelphia Federal Reserve just released a report finding that earlier reports were off a bit. Basically, of the million jobs that were said to be created, they were off by about a million.
That's right. The report found that only "10,500 net new jobs were added during the period rather than the 1,121,500 jobs estimated by the sum of the states."
10,500, not 1,121,500.
So far the Big Three networks haven't found that worthy to report.
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