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IPFS News Link • Employment & Jobs

Don't Be Stupid – The U.S. Economy Actually LOST 2.5 Million Jobs Last Month

• http://theeconomiccollapseblog.com, by Michael

Fake numbers that are released by the government get turned into fake news by the corporate media, and many Americans don't even realize that they are being conned.  Major news outlets all over the country are breathlessly trumpeting the "blockbuster jobs report" as if it is a sign from heaven that good economic times are ahead.  We are being told that the U.S. economy added 517,000 jobs last month, but that isn't true.  Sadly, the truth is that the U.S. economy actually lost 2.5 million jobs in January.  Yes, you read that correctly.  So how in the world does a loss of 2.5 million jobs become a "gain" of 517,000 jobs?  Every month, government bureaucrats apply "adjustments" to the numbers that they believe are appropriate, and at this point their "adjustments" have become so absurd that they have turned the monthly employment report into a total farce.

As I have been documenting on my website for weeks, there has been a tremendous wave of layoffs over the last several months.

Google, Microsoft, Amazon, Apple, Facebook, Lyft, Twitter, Walmart, McDonald's, FedEx and countless other large corporations have decided to conduct mass layoffs.

But now the government expects us to believe that the U.S. economy is actually adding jobs at a very brisk pace?

That doesn't make any sense at all.

Unfortunately, the corporate media is totally buying it.  For example, CNBC just posted an article that described the jobs report as "stunningly strong"

The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their biggest gain since July 2022.


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