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IPFS News Link • Employment & Jobs

Theater Of The Absurd

•, By Michael

That is what actually happened.  But after they massaged that number with all sorts of "assumptions" and "adjustments", it magically turned into a gain of 353,000 jobs.  Amazingly, even Fox Business is attempting to claim that this adjusted number shows "the resilience of the labor market"…

U.S. job growth unexpectedly surged in January, underscoring the resilience of the labor market even in the face of high interest rates and stubborn inflation.

Employers added 353,000 jobs in January, the Labor Department said in its monthly payroll report released Friday, easily topping the 180,000 gain forecast by Refinitiv economists. The unemployment rate held steady at 3.7%, against expectations for a slight increase.

Give me a break.

I am so disappointed in Fox Business.

And they actually interviewed an "expert" that was so excited about "how widespread the hiring has become"

"So much for the cooling labor market," said Robert Frick, corporate economist with Navy Federal Credit Union. "The best part of the blockbuster number is how widespread the hiring has become. … This shows a growing labor market reflecting a broad-based economic expansion, and not just recoveries in a few sectors such as health care and government."


With all of the layoffs that are taking place all around us, you are going to try to convince us that what we can see with our own eyes is not real?

Thankfully, there are other news outlets that are telling the truth.