(Molly Bruns, Headline USA) The Biden administration was caught massively over-reporting job numbers for Quarter 2 of 2022.
A report from the Early Benchmark Revisions of State Payroll Employment of Pennsylvania found that only 10,500 jobs were added between the months of March and June, despite President Joe Biden bragging about creating more than 1 million in that time period, the Post Millennial reported.
“In the aggregate, 10,500 net new jobs were added during the period rather than the 1,121,500 jobs estimated by the sum of the states; the U.S. CES [Bureau of Labor Statistics’ Current Employment Statistics] estimated net growth of 1,047,000 jobs for the period,” the Federal Reserve’s report reads.
The report continues, stating that payroll jobs hardly rose, contradicting a statement the President made in July.
Federal Reserve Bank of Philadelphia estimates that the employment data was vastly overstated in 2022.
— Wall Street Silver (@WallStreetSilv) December 16, 2022
10k jobs added instead of 1.1 million reported from March to June of 2022.👀🚨
The elections are over, so this can now be corrected. pic.twitter.com/kyGLp7vXhE
“Our job market remains historically strong, with unemployment at 3.6 percent and more than 1 million jobs created in the second quarter alone,” he said.
Biden bragged about adding 10.5 billion jobs to the economy in total as recently as Sunday.
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A July report indicated that there was something fishy about Biden’s exorbitant claims.
According to ZeroHedge, job numbers shown in a household survey took a steep drop off in June.
Despite the dip shown in that survey, an establishment survey showed jobs rose at a steady rate, resulting in a 1.3 million job differential.
Employment rates were one of the top concerns of citizens going into the 2022 midterm elections.
Since July, the job reports have been abysmal.
The Biden admin attempted to spin the November jobs report, claiming that “America is back to work and our jobs recovery is going very strong,” despite only adding 263,000 jobs that month.
Labor Secretary Marty Walsh supported the statement, praising the administration’s “inclusive recovery.”
