The Biden/Harris administration is making a bogus upswing shortly before the elections cost a fortune. Respectively: They are really letting the taxpayers have it if You watch government debt spiraling out of control to finance the fiesta! The labor market data reported today suggest a robust labor market and strong economic growth. The unemployment rate has officially fallen to 4.1%.
However, an analysis by Zerohedge has shown that without the artificial creation of fake jobs by the launch shortly before the elections, the unemployment rate would now have risen sharply to 4.5%. So we continue to live in a world of illusion, in which debt creation provides short-term relief. It's the fantasy land of the highest time preference possible.
The rate is probably that high, or even higher. Election time always seems to bring the best out of data.
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Downward revision when?
(After November of course)
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No one believes the jobs report
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It's the same everywhere. Politicians lie for their own purpose. Even in India there are reports that the rising economy it is but it has failed provide jobs to all. But government says they are doing pretty well.
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Why are there so many jobs created in the public sector
0 sats \ 0 replies \ @Golu 3h
Taking Biden's name isn't relevant here. He's a puppet now.
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