December reportedly saw 223-thousand jobs created, which was more than analysts expected. This follows revised November and October jobs reports, which also touted great gains, but then were revised down by several thousand jobs including by 21-thousand jobs just in November. The same thing happened in the second quarter prompting The New York Times to publish a report speculating the Biden Administration is overstating the jobs numbers. The Times reports in the second quarter, the jobs number was inflated by a million. Revisions also occurred in June, July, August and September.
Read below and judge for yourself.
12/6/23
Biden Touts Better Than Expected Jobs Report
(Washington, DC) — President Biden is applauding the latest jobs report. December saw 223-thousand jobs created, which was more than analysts expected, and the unemployment rate sits at three-and-a-half percent. Biden called it great news for the economy and evidence his economic plan is working. He said there’s still work to do to bring down inflation, but the country is moving in the right direction.
12/6/23
Jobs Reports Revisions
Fewer Jobs Added In October, November Than Originally Reported
(Washington, DC) — Fewer jobs were added in October and November than originally reported. That’s according to the latest jobs report released by the federal government. It says 21-thousand fewer jobs were added in October while job growth in November was revised down by seven-thousand. That means 263-thousand positions were created in October while the number of November now stands at 256-thousand.
NY Post, 12/22/22 Biden overstated jobs, by over 1,000,000 : https://www.google.com/search?q=overstating+jobs&rlz=1C1GCEU_enUS899US899&oq=overstating+jobs&aqs=chrome..69i57j33i160.3250j1j4&sourceid=chrome&ie=UTF-8
