01 Sep Ha ha, the numbers were lies.
I have said repeated on both my blogs and my podcast that I do not believe we’ve truly had these unemployment rates under 4%. No way. That “data” simply did not match what I saw in real time over 2022 and 2023.
I’ve also repeatedly said that by the time you hear something in the MSM, you’ve waited too late, IMO. These so-called economists can make any predictions they damn well please and if they are wrong, there is zero accountability for it.
So am I surprised that these “robust” job market numbers are now quietly being revised? Not only no, but hell no. The whole freakin’ thing has been like a Потёмкинская деревня.
You can read this article in its entirety on the job market journal: