Biden-Harris Economy: Downward Revision Up to 1 Million Jobs

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According to Bloomberg, the Federal Reserve could see “up to a million” US jobs disappear in what might be the largest downward revision in 15 years.

Statisticians can do anything with numbers; the numbers for the past year might have been 100,000 fewer jobs each month.

Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payroll growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.

While JPMorgan Chase & Co. forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million.

The jobs went to foreigners here illegally. Jobs created are mostly part-time and government jobs.

The great economy is anything but. Kamala Harris is running on it and plans to worsen it with communist price controls.

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Anon767
10 months ago

Why fear price controls? FDR used Price Controls in WW-2 and they worked. Nobody said they were Communist then, I wonder Why? You cannot have corporate monopolies running everything and raising prices just to feed their greed; because you`ll all be paying 7-dollars for a dozen eggs and 500,000-dollars for old housing with rotten structure. This is the reality of… Read more »

Anonymous
10 months ago
Reply to  Anon767

Aww … Come on you one line wonders! If you all keep serving the Billionare class youll all be Homeless. Most of you cannot go a single day without working. Id say thats the definition of Slave, America, Really. Now, Price Controls are Price Disciplines and without them youre living in Satans Market of Steal from the Poor and Give… Read more »

Canadian Friend
10 months ago

They rig elections, they rig job numbers, they rig everything

They are criminals.

AbsurdlyCritical
10 months ago

Didn’t they figure out last month when that Haim rule (or whatever it is called) was triggered (and it is statistically based) that we’ve been in a recession for at least several months now?

Hillary Clinton's Plastic Surgeon
10 months ago

You have to wonder.

Frank S
10 months ago

Dems have been doing this for years. They lie about everything.