ARMSTRONG: BLS Admits Biden-Harris Did NOT Create New Jobs

Over 1.2 million American citizens lost their livelihoods last year while 1.3 million migrants found work. Replacement theory is not a conspiracy. In terms of sectors, the professional and business services saw the most significant downgrade with a loss of 358,000 jobs. Leisure and hospitality shed 150,000 positions, while trade, transportation, and utilities lost 104,000. Important to note: manufacturing declined by 115,000 positions. This is the primary sector that the Biden-Harris Administration has been honing in on. They promised to create 1 million new manufacturing jobs but businesses are fleeing overseas.  --Martin Armstrong

Thank you to Martin Armstrong's "BLS Admits Biden-Harris Did NOT Create New Jobs" @ Armstrong Economics.

Bureau of Labor and Statistics, BLS, has always been crafty with releasing data. The BLS consistently revises data from its monthly survey as it prefers to release stronger initial reports. Their most recent revision is the steepest alteration since 2009. In fact, the agency has admitted that there were 818,000 fewer jobs in March than they initially reported.

Over 1.2 million American citizens lost their livelihoods last year while 1.3 million migrants found work. Replacement theory is not a conspiracy. In terms of sectors, the professional and business services saw the most significant downgrade with a loss of 358,000 jobs. Leisure and hospitality shed 150,000 positions, while trade, transportation, and utilities lost 104,000. Important to note: manufacturing declined by 115,000 positions. This is the primary sector that the Biden-Harris Administration has been honing in on. They promised to create 1 million new manufacturing jobs but businesses are fleeing overseas.

The Democrats have praised Biden-Harris for boosting jobs and decreasing unemployment. It was all a convenient lie. The only sector that saw a rise was the public sector which produces nothing toward GDP. Furthermore, migrants are replacing the native-born workforce. It is happening across the West as companies prefer cheaper labor. America’s workforce NEVER recovered from the pandemic. How could the BLS miscalculate data to this degree? Did they need to install Kamala first before admitting her administration has done NOTHING to benefit Americans? The data they present us from CPI to jobs is grossly inaccurate and perhaps a tool of propaganda.

UNEMPLOYMENT BY STATES: Maryland and the Dakotas have the best employment rate, whereas California and Nevada have high unemployment rates

Unemployment by States from BLS:

Sectors with highest unemployment:

According to the latest numbers published by the US Bureau of Labor Statistics, the leisure and hospitality industry currently has the highest unemployment rate. As of August 2023, this figure stands at 5.8%, which means that around one out of every 17 people aged 16 and above working in this sector is out of work. This equates to a workforce of 817,000 people and represents a 0.3 percentage point fall from the previous year’s unemployment rate.

Second on the list charting the unemployment rate by industry is transportation and utilities. 4.4% of workers in this sector are unemployed, which is around 370,000 people. This is a marginal 0.1 percentage point increase from August 2022. This is followed by the information and construction industries, which have unemployment rates of 4.1% and 3.9%, respectively. Wholesale and retail trade complete the five industries with the highest unemployment rates—3.8% of people in this line of business are jobless, an annual rise of 0.1 percentage points.  from Statista: