‘An appropriate dialing back of policy restraint’
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Over a third of the over 3 million jobs the Biden administration announced were added in initial reports between April 2023 and March 2024 did not actually exist, according to data from the Bureau of Labor Statistics (BLS).
Includingmonthlyrevisions,theBidenadministrationoverstatedthenumberofjobsintheU.S.economyby1.18millionintheyearthroughMarch,accountingforapproximately36%ofthe3.24millionjobsinitiallyclaimed,accordingtodatafromtheBLS calculatedbytheDailyCallerNewsFoundation.Themassiverevision,alongwithadisappointingJulyjobsreportthatshowedtheU.S.economyadding61,000fewernonfarmpayrolljobsthaneconomistsanticipated,hasheightenedfearsofarecession.(RELATED:USEconomyResembling‘ATempAgency’AsLatestDataShowsHundredsOfThousandsMoreAmericansAreWorkingPart-Time)
“OneofthefewareasthatPresidentJoeBidenandVicePresidentKamalaHarrishavebeenabletocrowaboutsincetheytookofficehasbeenemployment,”ananalysisoftherevisionperformedbyconservativeadvocacygroupCommitteetoUnleas
