False Job Numbers - You are being lied to! (Non Farm payrolls) | Summary and Q&A

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June 7, 2020
by
Building Freedom
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False Job Numbers - You are being lied to! (Non Farm payrolls)

TL;DR

The job numbers are crucial for understanding the state of the economy and stock market, but recent data suggests that they may be completely false.

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Key Insights

  • #️⃣ The job numbers released by the BLS have a significant impact on the stock market and investor sentiment.
  • ☠️ Analysis shows that the job numbers may be completely inaccurate and misleading, potentially hiding a much higher unemployment rate.
  • #️⃣ The stock market surge following the unexpected increase in job numbers in May may not reflect the true state of the economy.
  • ⏮️ Revisions of previous job numbers reveal the flaws in the BLS calculations and their impact on market perception.
  • 🤨 The discrepancy between the job numbers and the actual state of the economy raises concerns about the reliability of economic data and its impact on decision-making.
  • 😒 President Trump and other politicians may use the job numbers to their advantage, taking credit for positive trends while downplaying the flaws in the data.
  • 🤨 The reliance on flawed job numbers raises questions about the overall transparency and accuracy of economic reporting.

Transcript

hello my fellow freedom builders and welcome back to a video that I was actually not planning to make today is Sunday it is the 7th of June and I was planning to have a day off from videos but something has occurred to me I have to make a video about the job numbers the job numbers you might ask isn't that just about the most boring thing to listen... Read More

Questions & Answers

Q: Why are job numbers important for the stock market?

Job numbers provide insight into the strength of the economy, which impacts investor sentiment and stock market trends. Positive job numbers indicate a healthy economy, while negative numbers suggest economic weakness.

Q: Why have the job numbers been criticized in the past?

Critics, including President Trump, argue that the job numbers released by the BLS are inaccurate and manipulated for political purposes. They claim that the real unemployment rate is higher than officially reported.

Q: What was the impact of the unexpected increase in job numbers in May?

The positive job numbers led to a surge in the stock market, as investors believed it signified a V-shaped economic recovery. This created a false sense of optimism about the state of the economy.

Q: How accurate are the job numbers released by the BLS?

Analysis suggests that the job numbers may be completely false, with the real unemployment rate potentially being much higher than reported. Flawed calculations and misclassifications contribute to this inaccuracy.

Summary & Key Takeaways

  • The job numbers released by the Bureau of Labor Statistics (BLS) have been inaccurate for a while, with critiques from President Trump and others.

  • In May, the job numbers showed an unexpected increase of 2.5 million jobs, leading to a stock market surge.

  • However, analysis reveals that the BLS numbers are flawed and may be misleading, with the real unemployment rate potentially being around 20%.

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