Jobs Shock: October Payrolls Huge Miss As Private Jobs Go Negative For First Time Since 2020
zerohedge.com
More downward revisions. To help Dems, they've been lying about the economy all year.
And of course, as has been the case for the entire Biden admin, previous months were revised sharply lower once again: August was revised down by 81,000, from +159,000 to +78,000, and September was revised down by 31,000, from +254,000 to +223,000. With these revisions, employment in August and September combined is 112,000 lower than previously reported. This means that even after the monster September revision when 818K jobs were removed, 7 of the past 9 months were again revised lower! Manufacturing is looking ugly.
Manufacturing is a disaster, with the US losing manufacturing jobs for 3 months in a row, and 4 of the last 5. Can't blame that on hurricanes. Bring back the Trump economy!
Tom |