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 […]
Economy added 818,000 fewer jobs than previously reported
According to the Bureau of Labor Statistics (BLS), the U.S. economy created 818,000 fewer jobs from March 2023 to March 2024 than initially reported, but this is a larger than normal annual adjustment. The Bureau of Labor Statistics’ (BLS) annual revision of the previous year’s job growth rate resulted in a 0.5% decrease in job […]
Trump claims expected jobs data correction is pro-Democrat conspiracy
Former President Trump on Wednesday falsely claimed that a scheduled and widely expected revision to the federal jobs report was a pro-Democrat plot by the Biden administration. The Bureau of Labor Statistics (BLS) released an analysis on Wednesday showing that the U.S. economy added 818,000 fewer jobs between March 2023 and March 2024 than initially […]
Steep jobs data revision
sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% } Welcome to The Hill’s Business & Economics Newsletter {beacon} Business and Economics Business and Economics Full text The world of lobbying: Ex-Apple employee joins auto trade group The Alliance for Automotive Innovation, an auto industry trade group, is hiring […]
US economy created 818,000 fewer jobs than previously reported
Raymond James Investment Management’s Matt Orton explains why he’s optimistic about the U.S. economy on Mornings with Maria. New data released Wednesday showed that U.S. job growth for most of the past year was significantly weaker than previously reported. The Bureau of Labor Statistics revised down its total labor force participation rate. Total number of […]
Jobs Number Revised Down 818,000
The Pro Trump News home page features 60 new headlines every 24 hours, click here to see them. The U.S. economy created 818,000 fewer jobs over the past 12 months than initially thought, according to the Labor Department. The revision period will last until March 2024. CNBC reported: The U.S. Labor Department said Wednesday that […]
US economy missing 818,000 jobs. America, we’re dealing with a wacky view of our economic health
John Lynch, CIO of Comerica Wealth Management, discusses his outlook for the 2024 employment revision, his expectations for Fed Chairman Powell’s Jackson Hole speech, where to allocate capital, and target returns. Government statistics tend to paint a rosier picture of the economy than Americans actually believe it to be. For example, more than half of […]