Every. Single. Time. Yet Again.

Surprising no one, President Biden's final jobs report was "revised" downward - yet again joining every other one of the Bureau of Labor employment statistics reports.

Revised downwards. Every. Damn. Time. 

That simply cannot be a happy coincidence.

Legal Insurrection: January Jobs Report: 2024 Employment Revised Down by 600,000

Well, at least it's not the 818,000 fewer jobs than first reported the last time around, but over counting by 600,000 is one heckuva statistical error.

Yet again, these stats aren't just bad because they let Biden trumpet a healthy economy and jobs market that simply wasn't there - in an election year no less.

A major problem when you cook the books on these reports is people do rely upon them.  For example the Fed, when considering adjusting interest rates relies on this report, among others. and in such reliance is not cutting rates probably as much as they should as they think the economy is growing just fine.  Unfortunately the economy under Biden was presented as being much better than it was due to these cooked statistics.

Surprise! (Not!) BLS Does Yet Another Huge Downward Jobs Revision

Throughout President Biden's term in office, the Bureau of Labor Statistics are released with great fanfare showing job growth, and then the job numbers are quietly revised. Downward, Every single time.

Now, the latest downward revision is a doozy.

Legal Insurrection:Biden/Harris Jobs Success Was Fake – 818,000 Downward Revision Announcement 

On Wednesday morning, the Bureau of Labor Statistics announced a preliminary benchmark revision to the number of nonfarm payrolls from April 2023 through March 2024. According to the report, the number of new jobs added to the economy during this period was revised downward by 818,000.

That's the biggest downward revision during the Biden Administration yet. Indeed it is the biggest revision in 15 years.

That the BLS has clearly been politicized to loudly announce job growth happy-talk so it can be trumpeted by Biden et al, and then quietly walked back to make the Biden Administration look good is pretty much beyond question at this point. 

One major problem is the false statistics of such job growth made the Fed think it needed to keep interest rates up to fight inflation and the rate increases were not hurting the economy as jobs were still being created in record numbers defying normal expectaitons.  But they were not.

How to Lie With Statistics (a book everyone should read or at least listen to on Audible to become a better critical thinker IMHO) is not supposed to be a how-to manual. 

The Biden Administration just seems to outright and repeatedly lie about job growth statistics. What other statistics (cough, inflation!, cough) are they also cooking the books on?

Weird Supply Chain Shortages

In today's episode of stores being out of certain things we have the latest local shortage to report:

Distilled Water.

Yep, distilled water was nowhere to be found within quite a radius as Kroger, CVS, etc were all out if it.

Had my Dad over for the weekend and he needs distilled water for his CPAP machine and none was to be found.  Fortunately we had a reserve supply and he had some with him so it all worked out but I've never seen the shelves completely bare of distilled water.  Other water was there and in plenty so it wasn't some weird panic buy - just a nice local shortage and a need to lower expectations or something.

A good visit was had, and he's off to his warm location for the winter.