WOW, Joe added 303,000 jobs. Unfortunately, they are signaling a weak job market.
The numbers are very good on the surface, but look, there were almost no manufacturing jobs and almost no major industry jobs. The government at all levels added 71,000 jobs, which is unproductive and unsustainable. We add a trillion dollars to our debt every three or four months, and we don’t have much to show for it.
Jobs are also part-time and going to foreigners.
BLS numbers look fake, but it is an election year.
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Government jobs added: 71,000
Manufacturing jobs added: 0 https://t.co/M3dk1kFHY5 pic.twitter.com/ItSf5dkAjc
— Oilfield Rando (@Oilfield_Rando) April 5, 2024
According to the Household Employment Survey, the U.S. economy added 691,000 part-time jobs and shed 6,000 full-time jobs in March. that’s just great
March Full-time jobs: -6000
March Part-time jobs: +691,000 pic.twitter.com/tNmZr3uAjH— zerohedge (@zerohedge) April 5, 2024
So they’re giving part-time jobs to illegal aliens and cutting full-time jobs.
Nothing about this chart suggests we have a ‘strong’ labor market. Far from it. FT jobs down -1.3% yy…PT jobs up 7.5%y/y pic.twitter.com/1kq9yJoRON
— steph pomboy (@spomboy) April 5, 2024
Fake?
In each of the past three months, the payrolls number has come in higher than the highest Wall Street estimate. This is statistically impossible unless the number is manipulated. https://t.co/NH0xMt63cZ
— zerohedge (@zerohedge) April 5, 2024
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