Revised figures reveal a significant overstatement in the Harris-Biden administration’s job creation claims, with 818,000 fewer jobs than initially reported—marking the largest downward adjustment in 15 years.
This revision indicates a monthly overcount of 68,000 jobs, including notable discrepancies in sectors such as manufacturing, with 115,000 fewer jobs, trade, transportation, and utilities down by 104,000, and construction jobs reduced by 45,000.
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Amid these revelations, the data also shows a concerning trend. While native-born Americans lost 1.2 million jobs over the past year, 1.3 million jobs were filled by foreign-born workers, underscoring the challenges within the current labor market.
This correction highlights the frailty of the Harris-Biden economy, intensifying worries about an impending recession as unemployment rates climb and economic analysts sound alarms.
The administration’s previous claims of job creation largely reflect a recovery of positions lost during the pandemic rather than new employment opportunities.
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With a stronger labor force participation rate under the previous administration, the American public is becoming increasingly aware of the discrepancies in the current administration’s economic narratives.
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