Posted on 10/06/2023 10:48:12 AM PDT by ChicagoConservative27
Agreed.
That’s silly. They don’t do all the payroll in the country. Their number is partial. The jobs added/subtracted number comes from a survey every company files with the Labor Dept. It’s required.
The unemployment percent comes from a different survey. The Census Bureau on behalf of the Labor Dept. randomly calls 60,000 households every month and asks about the employment status of all adults in the household. Which is why sometimes jobs are added and the unemployment percent goes up.
The 60,000 household survey is considered a more immediate and accurate snapshot since the business survey tends to lag behind the household survey. After all, the household survey reflects the reality of self employed and small businesses. Eventually, the business survey tends to catch up to the household survey with a 6 month lag.
September jobs report is useless as long as inflation is taking more money out of the pockets of the working class.
Bidenomics is like a slow sinking Titanic.
And his other plans are working out like a 9/11 in slow motion.
Count on it
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