President Joe Biden has staked so much on his claim that he’s “created” 13.5 million jobs since taking office that it’s worth asking if his Labor Department is now goosing job growth figures to help him out.
On Friday just before the holiday weekend, Labor released its estimates for job growth in August – which it said worked out to 187,000, beating economists’ forecasts.
But at the same time, the government cut the job growth numbers for the previous two months by a total of 110,000.
As a matter of fact, Labor has quietly cut its initial job growth estimates for every month this year .Based on its initial estimates, the economy should have created 2.2 million jobs in 2023. Now Commerce says that number is less than 1.9 million. In other words, it’s exaggerated job gains by more than 300,000 – or 19%.“Every single month this year has seen its payroll […]
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