[ DONATE TO RMN ] [ Return to Main Page ] [ Read Prev Article ] [ Read Next Article ] [ CGI Media News Room ] [ SUBSCRIBE TO RMN ]

RMN is Reader Supported

Our Goal for
MAY 6 - JUN 5:
$1,650

Powered by FundRazr

Click Widget
or Click Here to contribute.

Checks & Money Orders:

Raye Allan Smith
P.O. Box 95
Ashtabula, OH 44005


Users Online:
73

Who Founded RMNews?


Dewitt Jones' Video
"Celebrate What's Right
With The World"


"When the
Starships Fly!"

Listen at YouTube


The Theme for The Obergon Chronicles

Listen at YouTube


The Obergon Chronicles ebook


RUMOR MILL
NEWS RADIO


CGI ROOM
Common Ground
Independent Media


WHAT ARE
THE FACTIONS?


THE AMAZING
RAYELAN ALLAN


BIORHYTHMS

LOTTO PICKS

OTHER WAYS TO DONATE





RUMOR MILL NEWS AGENTS WHO'VE BEEN INTERVIEWED ON RUMOR MILL NEWS RADIO

______________

NOVEMBER 2008

Kevin Courtois - Kcbjedi
______________

Dr Robin Falkov

______________

Melinda Pillsbury Hr1

Melinda Pillsbury Hr2

______________

Daneen Peterson

______________

Daneen Peterson

______________

Disclosure Hr1

Disclosure Hr2
______________

Scribe
______________

in_PHI_nitti
______________

Jasmine Hr1
Jasmine Hr2
______________

Tom Chittum Hr1
Tom Chittum Hr2
______________

Kevin Courtois
______________

Dr Syberlux
______________

Gary Larrabee Hr1
Gary Larrabee Hr2
______________

Kevin Courtois
______________

Pravdaseeker Hr1
Pravdaseeker Hr2
______________

DECEMBER 2008

Tom Chittum
______________

Crystal River
______________

Stewart Swerdlow Hr1
Stewart Swerdlow Hr2
______________

Janet Swerdlow Hr1
Janet Swerdlow Hr2
______________

Dr. Robin Falkov Hr1
Dr. Robin Falkov Hr2
Dr. Robin Falkov Hr3

JANUARY 2009 ______________

Patriotlad
______________

Patriotlad
______________

Crystal River
______________

Patriotlad
______________

Dr. Robin Falcov
______________

Patriotlad

FEBRUARY 2009

Find UFOs, The Apocalypse, New World Order, Political Analysis,
Alternative Health, Armageddon, Conspiracies, Prophecies, Spirituality,
Home Schooling, Home Mortgages and more, in:

The Rumor Mill News Reading Room

Don’t Be Stupid – The U.S. Economy Actually LOST 2.5 Million Jobs Last Month!

Posted By: NightSky
Date: Saturday, 4-Feb-2023 10:31:56
www.rumormill.news/216645

I happen to know several people who have lost their jobs, this month. One was with the company for 22 years, the other for a little over 10 years.

~NightSky

~~~~~~~~~~~~~~~~

By Michael Snyder

Fake numbers that are released by the government get turned into fake news by the corporate media, and many Americans don’t even realize that they are being conned. Major news outlets all over the country are breathlessly trumpeting the “blockbuster jobs report” as if it is a sign from heaven that good economic times are ahead. We are being told that the U.S. economy added 517,000 jobs last month, but that isn’t true. Sadly, the truth is that the U.S. economy actually lost 2.5 million jobs in January. Yes, you read that correctly. So how in the world does a loss of 2.5 million jobs become a “gain” of 517,000 jobs? Every month, government bureaucrats apply “adjustments” to the numbers that they believe are appropriate, and at this point their “adjustments” have become so absurd that they have turned the monthly employment report into a total farce.

As I have been documenting on my website for weeks, there has been a tremendous wave of layoffs over the last several months.

Google, Microsoft, Amazon, Apple, Facebook, Lyft, Twitter, Walmart, McDonald’s, FedEx and countless other large corporations have decided to conduct mass layoffs.

But now the government expects us to believe that the U.S. economy is actually adding jobs at a very brisk pace?

That doesn’t make any sense at all.

Unfortunately, the corporate media is totally buying it. For example, CNBC just posted an article that described the jobs report as “stunningly strong”…

The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their biggest gain since July 2022.

Nonfarm payrolls increased by 517,000 for January, above the Dow Jones estimate of 187,000 and December’s gain of 260,000, according to a Labor Department report Friday.

And a CNN article has quoted one expert as saying that “the labor market is more like a bullet train”…

“With 517,000 new jobs added in January 2023 and the unemployment rate at 3.4%, this is a blockbuster report demonstrating that the labor market is more like a bullet train,” Becky Frankiewicz, president and chief commercial officer of ManpowerGroup, said Friday.

Really?

After all of the layoffs that we have witnessed in recent months, does she really believe that?

Not to be outdone, Moody’s Chief Economist Mark Zandi boldly declared that any concerns about a coming recession “should be completely dashed by these numbers”…

The January jobs report should “dash” concerns of recession, Moody’s chief economist said Friday, but warned that the numbers may overstate job growth.

“Any concern the economy is in recession or close to a recession should be completely dashed by these numbers,” Moody’s Chief Economist Mark Zandi told CNN’s Matt Egan on Friday, adding that it would take “an awful lot” to send the US economy into a downturn.

Come on man.

You are smarter than that.

The U.S. economy did not add 517,000 jobs last month.

That is the “adjusted” number.

The “unadjusted” number actually shows that the U.S. economy lost 2.5 million jobs last month. The following comes from Bloomberg…

For the establishment survey, the government’s updated seasonal factors may have impacted the headline payrolls figure. On an unadjusted basis, payrolls actually fell by 2.5 million last month.

That is actually what was measured.

But if you brazenly add more than 3 million jobs to the report that simply do not exist, it makes it look like the U.S. economy is doing just great.

Needless to say, Joe Biden was quite eager to take credit for the “spectacular” jobs report, and he also told reporters that he takes no responsibility for the raging inflation crisis that we are currently experiencing…

He replied with an emphatic ‘no’ when asked if he took any accountability for the price rises under his presidency. ‘It was already there when I got here, man.’

‘Remember what the economy was like when I got here? Jobs were hemorrhaging. Inflation was rising. We weren’t manufacturing the damn thing here. We were in real economic difficulty.’

Inflation in January 2021 when Biden took office was 1.4 percent. The latest December figures were 6.5 percent, down from a June 2022 peak of 9 percent.

For the next month, the Biden administration is going to endlessly boast that 517,000 jobs were added to the economy in January, and most Americans will never even know that it is a number that is entirely fictional.

The cold, hard reality of the matter is that economic activity is slowing down all around us, and many people are starting to become quite desperate…

Video out of Austin, Texas, shows desperate people climbing into supermarket dumpsters to retrieve food that may have been discarded due to a widespread power outage.

The shocking footage Thursday from behind an H-E-B grocery store in Southeast Austin featured people having a free-for-all from dumpsters, in what one commenter on Instagram described as a “dystopian hellscape.”

From now on, I really wish that the government would only release the raw, unadjusted employment numbers to the corporate media.

Because there is way too much guesswork that goes into the “adjustments” that the government bureaucrats are coming up with.

But that is never going to happen.

Every month they are just going to continue to tell us that things are better than they really are.

At least that will give me something to write about.

If anyone tries to shove the “517,000 jobs” number in your face, please share this article with them.

That figure does not reflect reality in any way.

The raw numbers show that 2.5 million jobs were actually lost last month, and that is absolutely horrible.

And as I continue to warn my readers, incredibly challenging economic times are on the horizon.

More layoffs are coming, the housing market is going to continue to crash, and global food shortages are going to continue to intensify.

So don’t let anyone fool you. We really are plunging into a very serious economic downturn, and the months ahead are not going to be pleasant.

http://theeconomiccollapseblog.com/dont-be-stupid-the-u-s-economy-actually-lost-2-5-million-jobs-last-month/




If you enjoyed this article,
Please consider a monthly subscription to Rumor Mill News!!


RMN is an RA production.

The only pay your RMN moderators receive
comes from ads.
If you're using an ad blocker, please consider putting RMN in
your ad blocker's whitelist.


Serving Truth and Freedom
Worldwide since 1996
 
Politically Incorrect News
Stranger than Fiction
Usually True!


Powered
by FundRazr
Click Widget
or Click Here to contribute.


Organic Sulfur 4 Health

^


AGENTS WEBPAGES

Provided free to RMN Agents

Organic Sulfur 4 Health

^


AGENTS WEBPAGES

Provided free to RMN Agents



[ DONATE TO RMN ] [ Return to Main Page ] [ Read Prev Article ] [ Read Next Article ] [ CGI Media News Room ] [ SUBSCRIBE TO RMN ]

The Rumor Mill News Reading Room is maintained by Forum Admin with WebBBS 5.12.