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January’s ‘too good to be true’
jobs report was based on 'adjustments'

Original Article

Posted By: Magnante, 2/4/2023 7:54:38 AM

Bloomberg, which exists to serve active traders on Wall Street, is throwing shade on the January jobs report that “surprised” a lot of people with its positive numbers. Before addressing the technical factors used to produce the rosy numbers, consider the buried lede hundreds of words into the piece. Stripped of all the technical jargon is this stark reality: "On an unadjusted basis, payrolls actually fell by 2.5 million last month."

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Reply 1 - Posted by: Periwinkel 2/4/2023 8:00:32 AM (No. 1394460)
Who on this earth is surprised by this? The State of the Union is scheduled for this week and Slow Biden needs some good news besides all the lies he's telling about the horrible economy he inherited from President Donald John Trump!
55 people like this.

Reply 2 - Posted by: thekidsmom66 2/4/2023 8:11:55 AM (No. 1394467)
So basically, in the past seasonal help is just that - seasonal. But in the current climate, where our workforce has actually shrunk (which is why the previous report also shows "unemployment" dropping), as people do not want to go to work and businesses are unable to find enough staff, those seasonal employees were retained as regular employees following the holidays. Good job, Joe, you lying moron.
51 people like this.

Reply 3 - Posted by: Strike3 2/4/2023 8:59:13 AM (No. 1394508)
We knew it was bogus the moment it fell out of Brandon's mouth but the stock market did its duty for him. I wasn't going to watch his lie-fest no matter what sort of numbers he pulled out of his diaper.
30 people like this.

Reply 4 - Posted by: anniebc 2/4/2023 9:02:26 AM (No. 1394515)
It's a lie!
34 people like this.

Reply 5 - Posted by: pmcclure 2/4/2023 9:08:34 AM (No. 1394523)
In our world, gargantuan lies are standard.
23 people like this.

Reply 6 - Posted by: NorthernDog 2/4/2023 9:10:37 AM (No. 1394528)
Payrolls rarely surge in January. It's all smoke and mirrors.
34 people like this.

Reply 7 - Posted by: felixcat 2/4/2023 9:17:39 AM (No. 1394534)
Yesterday on the Maria Bartiromo morning show on Fox Business, Cherly Casone, was about orgasmic calling out these numbers. Rather embarrassing for her.
23 people like this.

Reply 8 - Posted by: seamusm 2/4/2023 9:21:08 AM (No. 1394539)
Then why did the market act as if it were true?
11 people like this.

Reply 9 - Posted by: Bur Oak 2/4/2023 9:28:25 AM (No. 1394544)
The numbers will be quietly adjusted down in a few weeks.
21 people like this.

Reply 10 - Posted by: czechlist 2/4/2023 9:36:17 AM (No. 1394549)
I remember when the economy was booming and inflation was 2% under Trump the dims and media said employment was high and unemployment low because -- sadly, everyone was having to work 2 and 3 jobs to earn enough to survive. Now inflation is over 7% and bidet's stimulous money has run out - but things are great!! I seem to recall bidet raised the deficit by $3T his first year but the next year it was only $2T and he brags he cut the deficit by a trillion dollars!! I remember the zero did the same thing when he took office. As the old adage says - " lies, damned lies and statistics"
37 people like this.

Reply 11 - Posted by: rikkitikki 2/4/2023 9:57:18 AM (No. 1394566)
Biden is pissing on our legs, and telling us it's raining. My pants and shoes are soaked...
36 people like this.

Reply 12 - Posted by: bogeegolf 2/4/2023 10:14:16 AM (No. 1394584)
What is the labor participation rate now and what was it in 1969?
14 people like this.

Reply 13 - Posted by: Jerseyden 2/4/2023 10:14:29 AM (No. 1394586)
Both parties fudge these numbers it’s just dems are bigger liars. In my opinion The only number should be the labor participation rate not number of jobs.
12 people like this.

Reply 14 - Posted by: hershey 2/4/2023 10:51:10 AM (No. 1394626)
Anything to make Slo Jo the Gropin Paedo look good before the SOTU 'speech' (from index cards) coming cannot believe anything 'official' that comes from this administration...lies, big lies, and damned lies...all this stuff about Biteme and Hunter, and will all come to naught and they will both skate...such is the 'State Of The Union', screwed up beyond belief...
16 people like this.

Reply 15 - Posted by: justavoter 2/4/2023 10:55:47 AM (No. 1394632)
Figures don't lie, but liars figure.
15 people like this.

Reply 16 - Posted by: valinva 2/4/2023 10:57:31 AM (No. 1394637)
What gets adjusted up will get adjusted down.It's just that the downward adjustments don't get reported when a Democrat is president.
13 people like this.

Reply 17 - Posted by: farmwife 2/4/2023 12:23:56 PM (No. 1394707)
Do you mean to tell me this administration is fudging the numbers? How could that possibly be true! /s
11 people like this.

Reply 18 - Posted by: smokincol 2/4/2023 12:27:48 PM (No. 1394709)
I hardly know that much about economics but I do know that my $$$ doesn't buy as much now as it did two ++ years ago and as far as this jobs report?? it's a number issued by the government, that same government that's trying to enslave me and everyone else who's worth a damn, it's a report that touts lies to protect this imbecile in the oval orifice
12 people like this.

Reply 19 - Posted by: DVC 2/4/2023 1:15:56 PM (No. 1394751)
'Adjustments' = LIES. As usual, Dems put out intentionally fraudulent economic reports, and a few months later, they MAY 'revise them' to come closer to the truth, after getting the press reports of the fraudulent numbers into the news. Everything about Dems is LIES.
13 people like this.

Reply 20 - Posted by: Kitty Myers 2/5/2023 6:25:07 AM (No. 1395316)
Michael Snyder reported "the U.S. economy actually lost 2.5 million jobs in January."
7 people like this.

Reply 21 - Posted by: Dodge Boy 2/5/2023 7:51:35 AM (No. 1395372)
When has biden the cheater been straight up about anything? About as often as his affirmative action hire KJP who does his press briefings for him.
10 people like this.

Reply 22 - Posted by: bpl40 2/5/2023 8:32:18 AM (No. 1395408)
Maybe they are using the New Math.
6 people like this.

Reply 23 - Posted by: msjena 2/5/2023 8:45:46 AM (No. 1395420)
The stock market wasn't fooled.
6 people like this.

Reply 24 - Posted by: Alecto2 2/5/2023 9:09:35 AM (No. 1395442)
Because #8, traders buy the rumor and sell the news.
7 people like this.

Reply 25 - Posted by: planetgeo 2/5/2023 9:09:59 AM (No. 1395443)
Remember: when the President is a pathological liar, his administration is encouraged and rewarded for lying too. And it does.
5 people like this.

Reply 26 - Posted by: bighambone 2/5/2023 9:13:35 AM (No. 1395449)
Chances are that bogus jobs report will be quietly adjusted downward after Biden takes one of his phony victory laps as he gives his so-called State of the Union report in a few days. At this stage of the game you would have to be low information to stupid to believe the ridiculous statements that Biden has been hashing out to the American people. As an example just a while back Biden ridiculously stated that the millions of third world origin illegal aliens who he has been allowing to unlawfully enter the USA are essentially analogous to the Jewish people who fled Nazi persecution in Europe before and during the Second World War. In reality there are well over a couple of billion prospective illegal aliens in the third world, and a recent report advised that 142 million mostly all poor and uneducated people in South America who would like to resettle in the USA., how many of them are taking Biden’s and the leftist Democrats encouragement and invitation to enter the USA unlawfully in violation of the immigration laws is undetermined. It’s clear that if Biden and the leftist Democrats get their way with the US borders remaining open to almost all comers that the USA will have a future majority population demographic of third world origin that would amount to a vast majority of minority peoples who fit within the minority group categories of Democrat identity politics, who the leftist and socialist Democrats believe would embrace a leftist and socialist Democrat political agenda, keep the leftist and socialist Democrats in controlling political power, able to transform the USA into some sort of future socialist utopia.
8 people like this.

Reply 27 - Posted by: MickTurn 2/5/2023 9:54:29 AM (No. 1395499)
Rigging the's what DemoCRAPS DO!
3 people like this.

Reply 28 - Posted by: Strike3 2/5/2023 10:41:15 AM (No. 1395562)
In other words, the lying liar just lied to us again, although he could be living in an alternate universe.
4 people like this.

Reply 29 - Posted by: Speedypetey 2/5/2023 11:13:30 AM (No. 1395602)
I remember when Obama was installed and within a few months the propagandists started praising the regime for decreased unemployment reporting U3, those receiving unemployment checks or actively applying for woek. While under President Bush the Bureau of Labor Statistics and the propagandists cited U6 total unemployment of those that unemployment benefits expired and had given up looking which was 3X greater. All smoke and mirrors until President Trump's policies pushed real U6 decreases.
5 people like this.

Reply 30 - Posted by: walcb 2/5/2023 11:38:38 AM (No. 1395630)
Yes, and half the stupid people in this country believe this crap.
7 people like this.

Reply 31 - Posted by: mindsport 2/5/2023 12:15:02 PM (No. 1395667)
Shocked this is coming from Bloomberg, but thank you anyway! All day yesterday CNBC and Fox business were pumping this nonsense. Trying to say it was an increase in leisure activities. Lol no one, except maybe Florida and ski resorts are adding staff right now, everyone else would be lucky to keep the employees they currently have.
4 people like this.

Reply 32 - Posted by: wilmo 2/5/2023 12:41:05 PM (No. 1395701)
Like everything else in the feckless Biden administration, this Bureau of Labor report has been doctored up, probably by a factor of two, in a phony attempt to show that the Biden economy is not as terrible as every informed American knows it is.
4 people like this.

Reply 33 - Posted by: Kafka2 2/5/2023 6:04:49 PM (No. 1395920)
The labor statistics seem to be getting farther apart from reality. Some of this is due to the way they are calculated. Unemployment is determined by how many of the people unemployed are receiving unemployment payments. If payments have run out, they are considered as employed or not looking for work.
0 people like this.

Reply 34 - Posted by: Lawsy0 2/5/2023 7:54:18 PM (No. 1396012)
Biden goes by the Hockey Stick chart.
0 people like this.

Reply 35 - Posted by: Muguy 2/6/2023 7:46:02 AM (No. 1396250)
Virtually EVERYTHING the demonrat socialist marxist media report are lies, obfuscations, and propaganda to prop continue the CONSTANT gaslighting to the American people. It goes beyond just being 'skeptical' to the point that it is useless to try to figure out if the TRUTH is even in their pronouncements is one place where its readers post things that don't go into general circulation-- and without it and other similar sources to winnow out what really is going on, the con job continues to prop up the unbelievable. It seems that rather than face the character assassination of the media to protect itself, its just not worth the time for most people to stand up, and the net result is FEAR bred to keep the masses from revolting. Smash and grab crimes are prevalent, the legal system under the Soros DA system virtually REWARDS criminal activity, and so people curse the darkness rather than to light a candle. As Obi Wan said in Star Wars "I feel a great disturbance in the force" and unless we find persons who will stand up against Benedict McConnell's entrenched RINOcrat forces who don't hold republican principles dear, we cannot 'primary' the crooks to cull the herd. Beware the latest "shiny objects" in the daily media and stay focused on what is true, and pray hard for revival. The political reporting is not REAL, so don't let it manipulate your mind into believing it.
0 people like this.

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