Saturday, July 09, 2022

Biden's insiders fudging the numbers?-----Something Snaps In The US Labor Market: Full, Part-Time Workers Plunge As Multiple Jobholders Soar | ZeroHedge

Something Snaps In The US Labor Market: Full, Part-Time Workers Plunge As Multiple Jobholders Soar | ZeroHedge
  • Something odd emerges when looking at the June payrolls report.
"On one hand, the closely followed establishment survey came in red hot, and despite dropping modestly from May, it still printed some 100K above the median consensus expectation, at 372K vs the median consensus of 268K...

... but a problem emerges when looking at the more detailed, if less closely watched, Household survey. 
Here, unlike the Establishment Survey, the June jobs change was actually a striking 315K drop, and after the April plunge of 353K, the June drop was actually the biggest going back to the March 2020 crash...

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