According to the latest figures, the U.S. economy added 275,000 jobs in February. If believable, that is a fine number and indicative of a growing economy.
There are some problems, though. The unemployment rate went up from 3.7% to 3.9%. More jobs should mean less unemployment. Of course, more people may be looking for work. It’s hard to know what to think. How in the world does the government measure all this stuff so that anything they say can be believed?
Another problem is that 52,000 of those jobs in February were in government. Since government has to take money out of the private sector in order to create jobs, government jobs should never be counted in these statistics. The “economy” didn’t create these 52,000 jobs, the government did, out of thin air, and out of taxpayers’ pockets. So that drives the total number down to 223,000 jobs the ECONOMY created.
If it really did. The following picture shows us that, in 11 of the last 13 months, the “revised” employment figures have all been lower. So, 223,000 economy-created jobs in February—as of right now. We won’t hear about the “revised” numbers. Well, we might, if they go up.
As with nearly everything else government does, especially the Biden administration, they are either lying, deceiving, or skewing numbers in their favor. I hate to be such a cynic, but how can one NOT be?