And yet another Harris/Biden/Media lie about how “great” the economy is has been exposed…. Nearly one million jobs, 818,000 to be exact have been removed from the reported total, quietly, since March of this year. Amazing that, for a “booming economy” right?
The US economy employed 818,000 fewer people than originally reported as of March 2024, showing the labor market may have been cooling long before initially thought.
The revisions are a yearly practice from the Bureau of Labor Statistics; final revised numbers are expected to be released early next year.
The report, released Wednesday morning, showed the largest downward revisions to the professional and business services industry, where employment was revised down by 358,000 during the period. Leisure & hospitality saw the second-largest downward revision of 150,000.
The report moves down the monthly job additions seen in the US economy over the time period to 174,000 from 242,000.