818,000 fewer jobs than reported…
According to a Fox News report, the Labor Department has revised monthly payroll statistics after admitting it overstated new jobs by roughly 818,000 during the 12-month period that ended in March of this year. That’s a downward revision of nearly 30%.
Donald Trump blasted the Biden Administration for padding the numbers to mislead Americans on the economy.
“MASSIVE SCANDAL! The Harris-Biden Administration has been caught fraudulently manipulating Job Statistics to hide the true extent of the Economic Ruin they have inflicted upon America,” Trump charged in a statement on TRUTH Social.
“New Data from the Bureau of Labor Statistics shows that the Administration PADDED THE NUMBERS with an extra 818,000 Jobs that DO NOT EXIST, AND NEVER DID.”
From Fox News:
Economists see the updated figures as further signs of a weakening labor market, which had remained strong the past couple of years as the nation’s economy soared following a massive recession during the coronavirus pandemic. The jobs surge had continued despite high interest rates and increased concerns of a pending recession.
Trump, the Republican Party’s presidential nominee, has long slammed both President Biden and Vice President Kamala Harris – who last month replaced her boss at the top of the Democrats’ 2024 ticket – over high inflation that Americans have been coping with during the three-year economic rebound.
Now he’s arguing, without providing proof, that the Biden administration deliberately padded the jobs numbers.
More over at Fox News:
Trump accuses Biden admin of 'MASSIVE SCANDAL' after new jobs numbers dramatically revised downward https://t.co/wcfiaejirz
— Fox News Politics (@foxnewspolitics) August 21, 2024
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