First, I always expect there to be a difference between what ALL administrations say about the economy, and what is real. Fact of life, no big deal. It turns out though, that kammy and KK were 818,000 job out of whack. That is almost 30% different than what they said. Generally speaking, any administration. gets it within 2-3%. Sometimes they'll underestimate. I don't care either way if they're in the ballpark. 30% is not a miscount, or someone's error. It's a bald faced LIE. I'm not surprised, just yet another LIE from the kamKK bus.
US job growth during much of the past year was significantly weaker than initially estimated, according to new data released Wednesday.
The Bureau of Labor Statistics’ preliminary annual benchmark review of employment data suggests that there were 818,000 fewer jobs in March of this year than were initially reported.
Every year, the BLS conducts a revision to the data from its monthly survey of businesses’ payrolls, then benchmarks the March employment level to those measured by the Quarterly Census of Employment and Wages program.
That was from CNN. I could go to the next most leftist media and go MSN, but you get the point.
This is from USA Today, another center-left rag. This "administration" has been trying to set everything to be at least able to float a bit. But with kammy at the helm, that isn't going to happen. She wants to kill the industry's most at the whim of several things upstream.
1. petrol is horrible. Regular was $1.949 in January, 2016. And in May, 2020 it was $1.87. It's now $3.45.
But regular gasoline (petrol) really isn't the issue with productivity and agriculture. It's diesel. This is the petroleum that can change prices of everything we buy. Steel, groceries, building materials, concrete, your kids toys, aircraft fuel, everything. In Jan 2016 it was $2.37. In Dec 2020, it was $2.69. Today it is $3.688.
You don't think much about it, except the average tractor trailer fuel mileage of between 7 to 8 miles per gallon (MPG) may not seem impressive, it's a vast improvement over older designs that rarely saw better than 2 to 3 MPG. There are 13 million trucks registered in the US, 2.9 million of which are semi-trucks. In 2022, the trucking industry did $940.8 billion in gross freight revenue. 1.86 million companies operate a semi-truck, straight truck, or other hazmat truck.
The labor market last year seemed to shrug off historically high interest rates and inflation, gaining well over 200,000 jobs a month.
Turns out the nation’s jobs engine wasn’t quite as invincible as it appeared.
The U.S. Bureau of Labor Statistics on Wednesday revised down its estimate of total employment in March 2024 by a whopping 818,000, the largest such downgrade in 15 years. That effectively means there were 818,000 fewer job gains than first believed from April 2023 through March 2024.
So, instead of adding a robust average of 242,000 jobs a month during that 12-month period, the nation gained a still solid 174,000 jobs monthly, according to the latest estimate.
