One Bank Calls Out Biden's BS: Finds BLS Has "Greatly Exaggerated" July Jobs, Real Print Is Negative 30,000

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by Tyler Durden
Friday, Aug 11, 2023 - 08:15 AM

Last Friday, in our post-mortem to what the MSM dubbed a "Goldilocks" jobs report, we explained to our readers just how disastrous the report was if only looked below the surface by focusing on four key things: i) the 1 million surge in part-time jobs, ii) the 585,000 plunge in full time jobs, iii) the 118,000 increase in multiple jobholders...

... and iv) the 280K addition coming from the BLS' infamous Birth-Death model (as a reminder, the actual payroll number was just 187K).