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Name:   lucky67 - Email Member
Subject:   Gov' manipulation of jobs report
Date:   4/23/2024 10:02:00 AM

being suspicious of the #'s being released, as are many, Goldman Sachs did an indepth study; come to find the labor dept is using 2 surveys to determine the monthly JOBS created; and as we know govt hiring is usually 50-60% of all hiring

1 survey is from a random sampling of 122,000 businesses and Gov't agency hiring--(no accounting is made for layoffs);

the other survey is random calling to approx 60,000 households, --it does not differentiate new hires that are legal/ green carded/ illegal;

Goldman thus concludes the REAL UNEMPLOYMENT RATE is being UNDERESTIMATED by at least 1-2% monthly;

 

Joes America moves on





Name:   Lifer - Email Member
Subject:   Gov' manipulation of jobs report
Date:   4/23/2024 10:19:01 AM

You can't see it but this is my shocked face.









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