The adjustments increased the estimated size of the civilian noninstitutional population in December by 973,000, the civilian labor force by 1,530,000, employment by 1,471,000, and unemployment by 59,000. The number of persons not in the labor force decreased by 557,000.Of course, not even Byron York could be bothered to read the report. Instead, York hopped on Fox News Friday to proclaim Joe Biden has fixed the economy, pointing to the White House’s fictitious headline as proof. Another trick the BLS used was to dramatically revise downward the numbers from every month prior to December 2021 all the way back to June.
Businesses’ payrolls fell by 301,000 last month in a broad-based decline, according to ADP Research Institute data released Wednesday. The median forecast in a Bloomberg survey of economists called for a 180,000 rise.When you compare the ADP report (legit) to the BLS report (fiction), you see the government has no interest in covering up its lies because most people, including Byron York, are too lazy to question the headline. Read more at: HennessysView.com
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