Still, what's more important is help is on the way. Trump's spending cuts, tax cuts, regulatory cuts, and mass deportations will all lead to more jobs for Americans. --Peter St Onge.
Onge is more optimistic than me.
Joe Biden's final jobs report is out and it's a doozy.
— Peter St Onge, Ph.D. (@profstonge) February 10, 2025
- 589,000 jobs revised into oblivion
- 70% of jobs created in the government sector
- 99.2% of jobs going to foreign-born workers
This is the mess they’re handing Donald Trump. pic.twitter.com/zUmz4pfBKU
Joe Biden's final jobs report is out, and it is a doozy, a veritable orgy of revisions kicking off with a massive Bureau of Labor Statistics revision that wiped out 589,000 imaginary jobs the Biden Administration had been propping up until the election. Every single month of 2024 was revised down, and keep in mind this is not the whole story. The Philly Fed thinks there's another 800,000 fake jobs lurking in these sweet nothings of Biden's finest government statisticians. Now, Trump's new Chief Economist, Kevin Hassett, summed it up, "The Biden job market was way worse than markets thought. There is a lot of cleaning up to do. Democrats and Legacy Media, of course, tried to pin the whole mess on Trump, turning it as Trump's first job report when it covers the period before Trump even took office and revises numbers Biden invented.
Even more concerning than the revisions was the job composition. Nearly 70% of new jobs were either government workers or government-funded education social assistance, what the Wall Street Journal calls "the welfare industrial complex." Just 45,000 jobs were created outside of government. Out of an economy of 164 million workers that is roughly 1/3 what the economy needs just to tread water. Note, all of those government-funded jobs will have been bought with tax dollars cuz the government, of course, creates absolutely nothing. It only steals. This pumps up the national debt, which we will either have to repay with higher taxes or, as Biden had been doing, with inflation. Once again full-time jobs were replaced by part-time jobs, a theme under Biden. Government counts both as a job, of course, but most people take part-time jobs because they can't find a full-time job, and yet they still need to eat. Finally, the report found that precisely 99.2% of new jobs in January went to foreign-born workers. Just 0.8% went to the native-born, who make up 4/5 of America's population, and, in theory, 90% of America's voters in case Dems wonder why they lost.
Warren Buffett famously quipped that when the tide goes out we see who's swimming without a suit. There will be a lot more revisions as we've discovered. Just how deep the lies and statistical manipulations went under Biden, starting with that 800,000 revision by the Philly Fed. Still, what's more important is help is on the way. Trump's spending cuts, tax cuts, regulatory cuts, and mass deportations will all lead to more jobs for Americans. Yes, even for the hundreds of thousands of redundant federal workers who will go from a monkey on the back of the private sector to actually doing something useful with their lives. So, in the coming months expect a lot of the numbers to get much worse on paper with the revisions even as our job market starts healing, reversing Biden's handlers' wholesale government takeover and freeing Americans to get back to making things again.
WANNA HEAR CRAZY?! An approximate 35,000 jobs (you read correctly) have already reportedly been lost in JORDAN since USAID cuts have taken place due to @DOGE @elonmusk.
— Breaking911 (@Breaking911) February 10, 2025
So America has been employing 35,000 Jordanians, as 6 million Americans remain unemployed. @TheNationalNews pic.twitter.com/LSZ5duh5yt
