by ZeroHedge News Staff at Zero Hedge
This morning, we said that in a year that has seen every monthly payrolls report revised lower…
… which is hardly a fluke since under Biden, every single data point ends up being revised lower eventually, with today’s new home sales getting the same treatment and every month’s new home sales data was also revised lower…
… the last pillar of Bidenomics was about to be revised away even more, as the BLS confirmed what we have been saying for much of the past year, namely that hundreds of thousands of US jobs were nothing more than a figment in the BLS’s imagination, and politically motivated excel spreadsheets.
That’s precisely what happened when according to the Bureau of Labor Statistics’ preliminary benchmark revision projection published this morning, US job growth was far less robust in the year through March than previously reported, and according to the BLS the number of workers on payrolls will be revised down by at least 306,000, and likely much more when the final revisions take place in early 2024:…
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