According to Bloomberg, the Federal Reserve could see “up to a million” US jobs disappear in what might be the largest downward revision in 15 years.
Statisticians can do anything with numbers; the numbers for the past year might have been 100,000 fewer jobs each month.
Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payroll growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.
While JPMorgan Chase & Co. forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million.
The jobs went to foreigners here illegally. Jobs created are mostly part-time and government jobs.
The great economy is anything but. Kamala Harris is running on it and plans to worsen it with communist price controls.
Always a pleasure joining @FoxFriendsFirst, this time discussing how economic conditions are impacting the current political environment, what will happen if we implement policies like price controls on food, and much more: pic.twitter.com/vZSIs98wZW
— E.J. Antoni, Ph.D. (@RealEJAntoni) August 20, 2024
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