🚨 Job Numbers May Be Way Off in 2024 🚨
Fresh data suggests that the U.S. job market might not have been as strong as we were led to believe this year.
While the Bureau of Labor Statistics (BLS) reported a 1.2% increase in private sector jobs, more comprehensive figures from the Quarterly Census of Employment and Wages (QCEW) — which captures data from 97% of U.S. businesses — point to just a 0.6% gain.
That’s a potential overstatement of 907,000 jobs — or roughly 75,000 jobs a month.
Always double-check the data… even official stats can miss the mark. 📊
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