BLS revises away 818k jobs
Submitted by gjohnsit on Wed, 08/21/2024 - 11:50pmAll of a sudden the economy isn't as strong as previously reported.
All of a sudden the economy isn't as strong as previously reported.
The markets are soaring and Trump is crowing, all because of an employment report that the Bureau of Labor Statistics openly admits in the report that it's hopelessly flawed.
On June 6, Federal Reserve Chair Janet Yellen said in a speech at the World Affairs Council that the U.S. economy was “now fairly close to the … goal of maximum employment.”