The US added 818,000 fewer jobs this year than originally estimated
The labor market was less strong than expected, with employment falling by 818,000. (iStock ) of The U.S. Bureau of Labor Statistics recently The U.S. saw 818,000 fewer payrolls over the past 12 months (through March) than previously expected. The -0.5% difference was reported in the provisional estimates for the annual revision of the BLS […]
How the Migrant Surge Likely Drove That Huge Jobs Revision
Big downward revisions to employment numbers may be exaggerated due to immigration surge The U.S. labor market may not be as weak as a big downward revision to the Labor Department’s employment report this week would suggest. On Wednesday, the Bureau of Labor Statistics released its monthly employment report. Employment growth was overestimated by approximately […]
Biden’s commerce secretary ridiculed for saying she’s not ‘familiar’ with damaging jobs report, blames Trump instead
Commerce Secretary Gina Raimondo was mocked and ridiculed over her response to Wednesday’s grim jobs report. Raimondo was interviewed by ABC News from the Democratic National Convention when she was asked about revisions that showed the number of U.S. jobs had been overstated by nearly 1 million over the past year. She instead accused former […]
Commerce Secretary Gina Raimondo Says She Doesn’t Believe Official Government Jobs Numbers
Commerce Secretary Gina Raimondo said Wednesday she doesn’t believe the big revisions to the official jobs numbers because she’s only heard them from President Donald Trump. “I’m curious what you think about the Department of Labor announcing today that more than 800,000 fewer jobs were actually created than originally reported,” said ABC News correspondent Kayna […]
GM slashing over 1K salaried jobs at software, service units
General Motors said Monday it was laying off more than 1,000 full-time employees across its software and services divisions around the world. GM confirmed the job cuts, first reported by CNBC, in a statement saying, “As we build GM’s future, we need to simplify for speed and excellence, make bold choices and prioritize investments that […]
UAW President Portrays Kamala Harris as Working Class Hero Despite Her Green Agenda Risking U.S. Auto Jobs
In his speech at the Democratic National Convention this week, United Auto Workers President Sean Fain portrayed Vice President Kamala Harris as a “fighter for the working class.” But Harris’ green energy policies paint a different picture: They put millions of jobs in America’s auto industry and millions more in the industries that support it […]
US economy created 818K fewer jobs than initially reported
The U.S. economy hasn’t performed as well as it appeared so far this year and into early 2023, according to revised data released by the Federal Reserve. The U.S. labor market added 818,000 fewer jobs in the 12 months ending in March, the Bureau of Labor Statistics said Wednesday, marking the biggest preliminary downward revision […]
Manufacturing Jobs Are Shrinking Under Biden-Harris Policies
Kamala Harris’ manufacturing boom vanishes with jobs revision Kamala Harris’ manufacturing boom isn’t going well. Harris and President Joe Biden Promises a surge in tech jobs In recent years, some have argued that a manufacturing boom has already begun. “Donald Trump claims to have revived American manufacturing. The facts are that under Donald Trump, America […]
‘Not Familiar With’ Jobs Numbers Being Revised Downward by Over 800K
In an interview with ABC News on Wednesday, appearing in her personal capacity, Commerce Secretary Gina Raimondo said she was “not familiar” with the Bureau of Labor Statistics’ revisions that reduced job creation numbers by more than 800,000. host Kayna Whitworth asked. [relevant exchange begins around 2:00] “I would like to hear the Labor Bureau’s […]
Kamala Harris’ Plan Would ‘Chase Jobs Out of America’
John Carney, economics editor at Breitbart News, said on Fox Business Network’s “Kudlow” show on Wednesday that Vice President Kamala Harris’ economic policies would drive jobs out of the United States. Moderator Larry Kudlow said, “We forget that under the Obama administration, US companies often relocated their headquarters to tax jurisdictions like Ireland to avoid […]