Breitbart Business Digest: How the Migrant Surge Likely Drove That Huge Jobs Revision

The U.S. labor market may not be quite as soft as the very large downward revision to payroll figures from the Labor Department this week suggests.in the 12 months that ended in March. This was toward the high end of estimates of economists and the largest revision since 2009, when the economy was reeling from the financial crisis.during the relevant 12 month period, down from the 242,000 suggested in earlier estimates.

The best evidence against the conspiracy view of the revision is that the new figures, which are still preliminary, were put out by the very same outfit——that publishes the monthly estimates. It would be a very strange and clumsy conspiracy that cooked the books for a year and a half but finally released the real numbers in the middle of the Democrats’ national convention.

What this means is that many of the jobs that seem to have been illusory are likely very real. They’re just not held by people authorized to work in the United States.Economists at Goldman Sachs who have analyzed the issue estimate that the revision could have erroneously erased 400,000 to 600,000 workers from the payroll numbers.The assumption is that a downward revision in jobs means fewer jobs were created.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Breitbart Business Digest: Manufacturing Jobs Are Shrinking Under Biden-Harris PoliciesSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Fonte: BreitbartNews - 🏆 610. / 51 Consulte Mais informação »

Breitbart Business Digest: U.S. Native-Born Workers Work More Intensively Than ImmigrantsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Fonte: BreitbartNews - 🏆 610. / 51 Consulte Mais informação »

Breitbart Business Digest: Americans Are Increasingly Unhappy with Their JobsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Fonte: BreitbartNews - 🏆 610. / 51 Consulte Mais informação »

Breitbart Business Digest: The Ghost of Inflation Will Haunt Kamala Harris Through the ElectionSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Fonte: BreitbartNews - 🏆 610. / 51 Consulte Mais informação »

Breitbart Business Digest: Retail Sales Snuff Out Economic Disaster FearsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Fonte: BreitbartNews - 🏆 610. / 51 Consulte Mais informação »

Breitbart Business Digest: Kamala Harris’s Inflationary LegacySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Fonte: BreitbartNews - 🏆 610. / 51 Consulte Mais informação »