🧵 1. Philadelphia Fed admits US payrolls overstated by at least 800,000 due to discrepancies between different data series. Labor market data manipulation revealed since summer 2022. #politics
🧵 1. Philadelphia Fed admits US payrolls overstated by at least 800,000 due to discrepancies between different data series. Labor market data manipulation revealed since summer 2022. #politics
🧵 2. Record surge in multiple jobholders contributes to discrepancy but doesn't fully explain it. Biden Labor Department accused of inflating job growth by favoring part-time over full-time jobs.
🧵 3. Data shows decrease in full-time jobs while growth solely in part-time jobs over the past year. Concerns raised about accuracy and manipulation of US employment figures.
🧵 Read more at: https://www.zerohedge.com/markets/philadelphia-fed-admits-us-payrolls-overstated-least-800000