{"id":55405,"date":"2024-06-20T11:05:25","date_gmt":"2024-06-20T15:05:25","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=55405"},"modified":"2024-06-20T11:05:25","modified_gmt":"2024-06-20T15:05:25","slug":"revising-the-numbers-2","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=55405","title":{"rendered":"Revising The Numbers"},"content":{"rendered":"

On Wednesday, The Conservative Treehouse<\/a> posted an article about the rapidly decreasing job numbers.<\/p>\n

The article quotes The Washington Times<\/a> (behind the paywall):<\/p>\n

WASHINGTON DC<\/a> \u2013 [\u2026]\u00a0\u00a0Job growth was overestimated by more than 770,000 last year. Put differently, about 1 in 4 jobs that were supposedly added last year never existed. That\u2019s like eliminating all of the jobs gained in three whole months of 2023.<\/strong><\/p>\n

Overly optimistic employment estimates help explain why polling of people\u2019s perceptions of the economy has been so terrible yet the official data from the Biden administration has looked so robust, at least in terms of the number of jobs. Much of the other data has been downright rotten.<\/strong><\/p>\n

With prices rising faster than earnings, the average worker\u2019s weekly paycheck buys 4.4% less today than when President Biden took office. Homeownership affordability has plummeted because the monthly mortgage payment on a median-price home has more than doubled. Three-quarters of Americans now view fast food as a luxury they can\u2019t afford. Gasoline prices are up 46%.<\/strong><\/p>\n

And now, even the job numbers have lost their luster, especially when you consider that millions of those added jobs are from double counting. Whenever someone who is already employed has to get a second \u2014 or even a third \u2014 job just to help make ends meet, that increases the number of payrolls, without increasing the number of people employed.<\/strong><\/p>\n

The Biden administration is very adept at lying with statistics. They consistently claim that President Biden has simply not been given enough credit for the wonderful economy he has created. I guess the people saying that don’t shop at the grocery store or buy gasoline.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Wednesday, The Conservative Treehouse posted an article about the rapidly decreasing job numbers. The article quotes The Washington Times (behind the paywall): WASHINGTON DC \u2013 [\u2026]\u00a0\u00a0Job growth was overestimated by more than 770,000 last year. Put differently, about 1 … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[13417,3428,459,8315,4760,7506,14017,11430,8530,607],"class_list":["post-55405","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-biden-administration","tag-economy","tag-employment","tag-gasoline-prices","tag-grocery-store","tag-job-growth","tag-the-biden-administration","tag-the-conservative-treehouse","tag-the-washington-times","tag-washington-times"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/55405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55405"}],"version-history":[{"count":2,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/55405\/revisions"}],"predecessor-version":[{"id":55407,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/55405\/revisions\/55407"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}