Estimates by the Federal Reserve Bank of Philadelphia indicate that the employment changes from March through June 2022 were significantly different in 33 states and the District of Columbia compared with current state estimates from the Bureau of Labor Statistics’ (BLS) Current Employment Statistics (CES). Early benchmark estimates indicated higher changes in four states, lower changes in 29 states and the District of Columbia, and lesser changes in the remaining 17 states.
In the aggregate, 10,500 net new jobs were added during the period rather than the 1,121,500 jobs estimated by the sum of the states; the U.S. CES estimated net growth of 1,047,000 jobs for the period. Payroll jobs in the nation remained essentially flat from March through June 2022 after adjusting for QCEW data.
Hal Turner Analysis and opinion
Well, there you have it, folks. The illegitimate Biden Regime, corrupting almost everything it touches, has now clearly gotten to the Federal Reserve Bank of Philadelphia to skew the job numbers as propaganda for the masses. Bankers don't make mistakes like saying there's 1,121,500 new jobs when, in fact, there were only about 10,500. But Bankers can . . . ahem . . . . lie.
And that is what I think we have here. I( think the Federal Reserve Bank of Philadelphia, in "correcting" their numbers, has exposed themselves to be . . . what many people might call . . . liars.
No rational person makes a mistake like that, and no rational person believes that a Bank (never mind the top bank in the country) makes a mistake like that. Thus, it seems probable the bank flat-out lied. On purpose.
I think the reason they did it: The mid-term elections. I think they INTENTIONALLY concealed this truth because they knew it would smash Democrat chances to win re-election. I think this was a component of election theft - again.
From this point on, it seems to me, the Federal Reserve job numbers simply cannot be believed. Oh, and this might help explain why the economy (out here in the real world) is clearly in a catastrophe, despite what the "reports" say.
