Two weeks ago, before both Bloomberg and Reuters, we told our subscribers to “brace for another huge negative payrolls revision”…
Putrid Payrolls: Job Growth Collapses to Just 22K, Unemp Rate Rises to 4.3% Putting 50bps Rate Cut in Play…
Ahead of today’s jobs report, consensus was that a print between 40K and 100K is largely priced in and greenlighting a 25bps rate cut by the Fed in two weeks, and that we would need a real outlier number for the Fed to either cut 50bps… or not hike. Well, we got a real outlier when moments ago…
Jobs Shock: October Payrolls Huge Miss as Private Jobs Go Negative for First Time Since 2020…
In our nonfarm payrolls preview last night, we said that the October payrolls report may show the first negative print since 2020. Well, moments ago the BLS reported the highly anticipated number and… it was close: the monthly print was only 12K, a huge drop from the pre-revision 254K in October (revised naturally lower to 223K), and just 13K away from a negative print…
Wall Street Outraged over Latest Epic F*ck up by Biden’s Labor Department…
…frustration turned to anger and outrage on Wall Street as word spread from trading desk to trading desk that the BLS was releasing the number to some firms over the phone! When the data was finally released shortly after 10:30 am, it showed payrolls will likely be revised down by 818,000 for the 12 months through March, the biggest downward revision to the job numbers since 2009…
Biden Commerce Secretary Gina Raimondo Has No Idea Labor Dept Revised Jobs Report to Remove 818,000 Jobs…
The bureaucrats at the Bureau of Labor and Statistics let loose the real data behind the Biden-Harris fake job reports revising the alleged total jobs created downward by 818,000 jobs and the Secretary Gina Raimondo being caught by surprised when asked about the real numbers…
Biden’s Labor Department Adjusts Jobs Created Downward to 306k…
Those rosie job reports aren’t so rosie after all…
Disconnected From Reality – BLS Employment Report Showing 517,000 Jobs Gained in January is Laughable…
The Bureau of Labor Statistics (BLS) published a jobs report yesterday [DATA LINK] that has stunned the professional financial class. However, those who have followed the BLS data assemblies were laughing – not surprised. Eventually, if this continues, the BLS pretzel logic will start using terms like “eleventy.”…
CPI Report – Inflation on Food, Fuel, Home Heating and Essentials Continues Growing – Overall Inflation Moderation Now Claimed as Calendar Cycles…
The Bureau of Labor and Statistics (BLS) provides the latest data on consumer prices (inflation)…
Real Average Hourly Wages Continue to Decline As Inflation Destroys Economy and Now Hours Worked Is Contracting…
The Bureau of Labor and Statistics (BLS) released the September wage report [DATA HERE] delivering worse economic news for workers…
Despite Temporarily Lower Gasoline Prices, August Inflation Skyrockets with Biggest Jump in Food Prices Since 1979…
We are in an abusive relationship with our own government. If you want a real-time example of how governmental bureaucracy fits into this statement, look no further than the footnote at the bottom of this article ¹cited from the BLS report today…
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