Government Employment Reports Overestimated Jobs By 443,000 in 2023
One reason Americans aren't very happy with the economy, despite the very positive jobs reports released every month, is that those reports are wrong. The Department of Labor estimates nonfarm employment each month and releases it in the Employment Status Report, usually on the first Friday of the month. Initial estimates are based on employer […]
Initial US employment reports overstated by 439,000 jobs in 2023
There is something wrong with the previous US employment statistics. A closer look at numbers from the Bureau of Labor Statistics shows that the government quietly eliminated 439,000 jobs through November 2023. This means the original employment results were inflated by 439,000 jobs and the job market is not as healthy as the government suggests. […]
Initial U.S. employment reports overstated by 439,000 jobs in 2023
Steve Forbes, chairman of Forbes Media, and Andy Puzder, former CEO of CKE Restaurants, discuss the December jobs report and point out discrepancies in the report. There is something wrong with the previous US employment statistics. A closer look at numbers from the Bureau of Labor Statistics shows that the government quietly eliminated 439,000 jobs […]