OAN’s Daniel Baldwin
12:16 PM – Friday, July 5, 2024
Advertisement
Another month, another ugly jobs report for President Joe Biden.
The Bureau of Labor Statistics shows that the U.S. added 206,000 jobs in the month of June. Biden celebrated the top line number in a statement, saying it was “real progress for hardworking families.”
However, the good news ended at that number. Once you read between the lines, the picture gets much uglier.
The job gains from both April and May were revised down significantly. April jobs were dropped by 54,000, and May jobs dipped by 57,000. If you combine the two, you get a downward revision of 111,000 payrolls. In fact, four of the past five months have seen jobs revised lower.
This trend begs the question: what is the real number of jobs added? How much will they be revised down in the next month?
What about the…
