BLS Cooks Books to Generate January Jobs
Report That No One Believes, For Good Reason
Conservative Treehouse,
by
Sundance
Original Article
Posted By: Beardo,
2/4/2022 5:03:19 PM
There really isn’t an adequate way to encapsulate what the Bureau of Labor and Statistics has done with their reported January jobs result [Main Data Here]. If you want a deep weeds review of the actuarial scheme deployed READ THIS ARTICLE.
In my lifetime of reviewing data and analytics, I have never reviewed a level of statistical manipulation that even comes close to this. (snip) What the BLS produced today will likely go down in the annals of actuarial history as one of the most comprehensively fraudulent manipulations of labor and statistics in history.
Reply 1 - Posted by:
Imright 2/4/2022 5:11:17 PM (No. 1061598)
Just TRIED to read this long article....So typical of this Administration. Here's the very last section of this 'story'....
~~ "It is not coincidental the BLS used the last half of the year to remove 2.5 million claimed workers (subsequently the jobs they held). The COVID excuse, Delta and Omicron waves, are the cover story for this revision. The BLS now position the workforce as 149.16 million in December – an increase of roughly 6 million workers from the revised 143.0 million in January.
As one person put it, “there’s cooking numbers, and then there’s cast iron skillet deep frying numbers.”
Yup, the BLS has compiled a burnt offering – upon the altar of sacrificing their credibility." ~~
16 people like this.
Reply 2 - Posted by:
3XALADY 2/4/2022 5:17:43 PM (No. 1061604)
I heard it reported on the news a bit ago that the unemployment figure was 4%. Say what! When businesses can't open because they don't have workers.
12 people like this.
Reply 3 - Posted by:
VAPMAN 2/4/2022 5:27:11 PM (No. 1061613)
This should be headline news. Another federal agency lies for Biden.
14 people like this.
Reply 4 - Posted by:
Scribelus 2/4/2022 5:35:51 PM (No. 1061628)
Democrat Lying Statistics - DLS
10 people like this.
Sounds like "fake but accurate".
Reading a yahoo finance headline: Jobs report supports argument that 'the Fed is on the right path', economist says.
7 people like this.
Reply 6 - Posted by:
skacmar 2/4/2022 5:50:32 PM (No. 1061650)
Before the Jobs Report was released, everyone was predicting flat or negative job growth (losses of about -150,000 jobs). We were all prepared for a poor report explained away by the Biden Administration by Covid. Then the report comes out and like magic, the job numbers are up by an unbelievable astronomically high number. Surprise! NOBODY BELIEVES IT! Of course the numbers were manipulated or formulas changed. Nothing coming from the Biden administration can be trusted.
17 people like this.
Reply 7 - Posted by:
bighambone 2/4/2022 5:54:24 PM (No. 1061658)
Whatever jobs were actually filled were jobs that actually existed and were filled before the pandemic and the national shutdown. Now they are being refilled, a lot of them by the same workers who held them before the pandemic. Biden and his crew did not create those jobs, evidenced by the fact that they were so surprised by the January Jobs Report results. As things have been going with the Biden crew, there is no real way of knowing if the job figures are legitimate or were made up.
9 people like this.
Reply 8 - Posted by:
wilarrbie 2/4/2022 6:01:44 PM (No. 1061667)
Well then. Now we can ALL go out and get some ice cream! Good times....
9 people like this.
Reply 9 - Posted by:
Strike3 2/4/2022 6:38:19 PM (No. 1061698)
Most of us dismissed that announcement as garbage propaganda the moment they put it out and didn't do the math. CTH does the math.
10 people like this.
Reply 10 - Posted by:
smokincol 2/4/2022 6:58:39 PM (No. 1061718)
I am assuming that the BLS is part of the Labor Department which is under the supervision of former, loser, Mayor of Boston, Marty Walsh - if that's the case the statistics released today re: Jobs Report is a totally gerrymandered report and has absolutely no value or truth whatsoever in a single number or explanation in this farcical piece of paper.- referring to comrade walsh using an old saying I learned growing up in Boston: he's so dumb he couldn't find his a_ _ with both hands
7 people like this.
Reply 11 - Posted by:
udanja99 2/4/2022 7:02:04 PM (No. 1061723)
I just heard on the radio via an ABC news feed that 900,000 people in the US have now died FROM covid. I believe this report about as much as I believe that one.
6 people like this.
Reply 12 - Posted by:
stablemoney 2/4/2022 7:02:49 PM (No. 1061724)
It is stunning that the media and BLS have become so dishonest that they will forge the numbers, and CNBC and the other networks will flog that narrative, knowing the numbers are false. The numbers cannot be true. It is economically impossible to have inflation at these rates, and falling unemployment, unless Biden is putting them in government jobs. A business can raises its prices, but a large number of customers will choose not to pay them. Revenues may increase for the increased prices, but the amount of goods sold will be less, and so you don't need as many workers to produce less. Many companies cannot increase prices, but their costs are rising with inflation. They have no choice but to reduce their payrolls. My company already has headcount reductions scheduled for March. Interest rates are going to rise. Inflation at 10% with .25% interest rate is a loss in the value of cash of 9.75%. They are going to have to restore interest rates above the rate of inflation. This is going to be a bad year for both equities and bonds. The Democrats, looking at the forthcoming elections, want to paint a picture of happiness, but realities are going to strike, and before the election. Biden is a stupid fool, and does not recognize the tsunami coming his way.
7 people like this.
Reply 13 - Posted by:
lakerman1 2/4/2022 7:13:05 PM (No. 1061739)
I have not trusted BLS numbers since the Kenyan Klown moved into the White House.
The BLS, historically, has been viewed as an independent operation, maintaining its integrity in spite of political pressure.
Too bad they gave that up..
8 people like this.
Reply 14 - Posted by:
curious1 2/4/2022 8:15:24 PM (No. 1061791)
They cooked the books for Obola, too. That's a department that needs to be completely cleaned out in a couple years.
6 people like this.
Reply 15 - Posted by:
hershey 2/4/2022 9:43:17 PM (No. 1061852)
BLS, another three letter gummint bunch of lying wankers, trying to bolster up old poopie pants...they did their bit for Obamanator as I recall...lying for him as well..
5 people like this.
In other news, the Biden Department of Agriculture says there is no inflation in price of food and Joe Biden reminds us that while attending law school on a full scholarship he served as Golda Meir's envoy to Egypt.
5 people like this.
Reply 17 - Posted by:
danu 2/4/2022 11:52:08 PM (No. 1061931)
even my little sister couldn't cook up these patently ridiculous fibs--the dog ate my workforce??
2 people like this.
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