[Robert DeLong]

It’s even less likely to be correct. None, let me repeat that, none of the jobs reports have been correct on their initial release. Every one has been revised downward. In addition, they omit pertinent information such as the jobs created were low-level parttime jobs, as well as, omitting that fulltime jobs have been lost.

[Army Air Corps]

Exactly, this report, like so many in the Biden Era, will be quietly revised downward.

[Miami Rebel]

As the article spells out, wage growth is still taking place though at a very modest rate.

Wage growth is wage growth, so whether for high-paying or low-paying jobs it adds to interest rate pressure. Today’s bond action bears that out. Bonds tend to be a much better gauge of economic activity that stocks, which are influenced heavily by emotions. and they are getting whacked this morning.

And while I agree that numbers can and are subject to revision, today’s release was far beyond expectations and is a continuation of a months-long trend. Even with potential downward revisions it’s a whopper.

Bottom line: it’s not as though this bump is an unmitigated win for the administration. It shows that inflation is not being tempered by the Fed.

[SaxxonWoods]

You are right on the button but even after the adjustment it will still show an increase, like the former months. I guess we can say the FED hasn’t broken the economy yet. We can certainly see why people who don’t have to move will sit tight if they have a low-rate mortgage. Maybe Biden will forgive all those commercial loans like he did the student loans, ha-ha-ha.

[patriotspride]

It’s even less likely to be correct. None, let me repeat that, none of the jobs reports have been correct on their initial release. Every one has been revised downward. In addition, they omit pertinent information such as the jobs created were low-level parttime jobs, as well as, omitting that fulltime jobs have been lost.

———

They are not new just COVID eliminated jobs that existed and finally owners can open up again and rehire

[stateofit]

Your point regarding loss of full time jobs being replaced by low-level part time jobs is supported by lagging / poor tax receipts. And rising deficits.

[Skylab]

It’s even less likely to be correct. None, let me repeat that, none of the jobs reports have been correct on their initial release. Every one has been revised downward.

And yet, the revisions for January and February have been upwards.