The final Bureau of Labor & Statistics (BLS) jobs report before the election was released today. The results are devastating to the Biden economic narrative, yet reflective of the statistical manipulation within prior data. [BLS Report HERE]
Overall, 12,000 jobs were added. However, the private sector lost another 28,000 jobs and government gained 40,000.
Additionally, “the change in total nonfarm payroll employment for August was revised down by 81,000, from +159,000 to +78,000, and the change for September was revised down by 31,000, from +254,000 to +223,000. With these revisions, employment in August and September combined is 112,000 lower than previously reported.” [BLS Report, Table B-1]
[SOURCE]
Nationally the retail sector lost another 6,400 jobs, but state government increased employment. The host is getting smaller, the parasites are enlarging.
I’m actually a little surprised to see the bureau publish openly damaging information to their aligned administration. However, that may also indicate a certain amount of acceptance of the inevitable on behalf of the BLS data control officials. At a certain point everyone has to admit the emperor has no clothes.
Many businesses are in a holding pattern, having survived the last several years.
Many individuals are one last breath away from drowning.
We need Donald Trump!
FOX BUSINESS: “Private sector jobs: NEGATIVE 28,000. NEGATIVE. We were looking for 90,000 added.” pic.twitter.com/W2HyWT4vMv
— Trump War Room (@TrumpWarRoom) November 1, 2024
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Revised downward..surprised? Even the bad positive number will be revised downward next month.
And the market screams higher… hoping for another interest rate cut.
Cue more rampant inflation.
https://www.zerohedge.com/economics/us-manufacturing-survey-hits-16-month-lows-prices-paid-spiked-october
“The host is getting smaller, the parasites are enlarging.”
I was in an upper middle class suburb near Raleigh yesterday. Harris signs everywhere. A few for Trump. The parasites instinctually know what feeds and protects them.
Yes, and I think that goes for the trans-community too.
Lots of non-profit, zoom-from-home type positions.
My guess is that many have already voted, so they won’t have to deal with long lines on Tuesday.
No such luck, they will be in line again for seconds and thirds.
Like giant cockroaches
Live a short distance from Raleigh in a small town in an adjacent county. Same situation here for the most part. The “progressives” are definitely parasites.
This doesn’t seem much like North Carolina anymore.
The Middle of Redneck Nowhere, FL is starting to look bit different. It ain’t just y’all.
I’m thankful to live a coupe of counties west of that giant boil in the center of NC. We’re still Red. We’ve got a small boil in the middle of our county, but we’re holding on.
Same in the upscale suburbs of Cincinnati, OH.
Have you ever seen a tick so fat there’s no way it’s feet would touch ground if its mouth parts no longer had the grip to hold it?
Wake County has gone to hell in a hand basket. We got out, in a red county now and it’s beautiful🇺🇸
Can’t believe the number of professional and graduate-degreed people I know who are enthusiastically all in on fervent condemnations of Trump, as he is madly caricatured by his political opponents. It’s so without truth or substance, one has to wonder if it’s the adrenaline rush of righteous hatred, or desperation to somehow differentiate themselves from the ‘deplorables.’
BREAKING: The U.S. only added 12,000 jobs last month! The EST. was 100k.
August revised down by more than half the original reported number. September revised down by 31,000.
Biden-Harris admin always celebrate a big number… only to quietly revise it down nearly every month.
An objective media would raise the previous month downward revision with every current-month self-congratulatory announcement.
We most certainly did Not need 40,000 new Government jobs!
They reinstated all the worthless bums at the VA that President Trump fired.
If it wasn’t for all of the government jobs the commies created just imagine the actual number of what the jobless rate is! The gov’s hiring offsets the pitiful actual jobs the can’t create. This administration doesn’t know a thing about creating a job. BTW gov. doesn’t create jobs, it creates opportunities for business and corporations to create jobs. Which Bidum and Harris has no idea anyway.
The Keynesians believe that government spending and employment are equivalent to their private sector counterparts and treat the government as a positive input to the economy. Some would disagree with that assessment…
Remember when Pelosi made the claim that people on unemployment were good for the economy? Kinda blows your mind to hear something so stupid.
Most intelligent people who understand what an economy actually is would disagree.
Exactly the same manipulation that took place from 2008 – 2016. Who was POTUS during that time? 🤔🤔🤔
I remember “the summer of recovery” I think they called it. It was exactly the opposite. Talk about “the Big Lie”!
Who was put “in charge” of the “Summers of Recovery”? That’s right, it was Joey “Two Scoops” Bidumb.
Obama 1.0
All those fake part-time election jobs have ended.
Close.
The parasite ruling class is expensive. Remarkable that the most ignorant rise to top.
The fact that Harris is poised, that it’s even remotely possible she would be placed as the CEO of our country disproves the Darwin theory. It proves in an ancillary manner the Biblical narrative that humans degenerate due to sin.
Were Kamala to become “USA CEO”, the E in CEO would have to be changed to “Extinction”.
Well, that would help save the world from climate change!
Aaaaaaaaand that’s how liberals think….
Leftists. Those people are too intolerant to be called liberal.
Exactly!
Not possible to imagine the Cackling Ho as anything but what she is. Never even a hint of any administrative ability. It’s wrong to think of her as anything but an empty vessel, who’s completely void of any reasoning ability.
Yes, it’s incredible. She is incoherently stupid. We’ve seen puppet after puppet installed for decades, but hiding the manipulator strings on this one is impossible.
She has no ability to represent or comprehend an underlying doctrine, socialist, communist, fascist, whatever.
What is worst is our entire management class in government agencies, IC complex, military and large corporations are more or less similar to her (lack of) quality and undefineable mindset.
How can college educated, high income people support her? It’s terminal stupidity.
At least 2 million of them. The Federal Government costs 24% of GDP and is running over $2 Trillion in annual deficits. State + Local add about 20% of GDP, and largely duplicate the Federal government.
Which equates to our national GDP at least 44% less than the figures published, as government spending is treated as though it should be counted as “production” or tangible items of value.
In our state of Alaska the percentage of state and federal spending is far higher.
Everything is “funded” or grant driven. Hundreds of “tribes” were invented, so now we have our tiny (80 to 900 adults) rural communities each with a “city”, tribal and IRA government.
Our grandparents never spoke of or identified as a tribal member, that was outside influence that started in the 1990s. We were warned against outside Native influence but the young people, who are now running things, didn’t listen.
Private contractors do the work on projects, but the initial investment are government funds, not real wealth produced from a private economy.
“Government funds” is an oxymoron.
I dunno, that MAHA commercial where Kalimala was laughing about locking people up for kicks there was not a hint of Word Salad, dizzy confusion, or benzodiazepine abuse. She might just be a terrible liar.
A vote for Kamala should put that individual in the pool for the next Darwin Award. The problem is it is going to have a large pool to select from. It is truly suicidal to vote for Kamala.
It is going to be very, very dangerous for the next several months. Obama and his controllers will not want to give up the office.
President Milei of Argentina figured out how to get the govt on track. Just start firing govt employees on day 1. Good plan.
Verily. And didn’t Mr. Trump’s confidant (that Musk fellow) cut Twitter by 80%? It’s doable.
Absolutely!
Let THEM…..eat Top Ramen!!
He learned from Musk.
We The Peopleneed to demand elimination of all Federal departments and functions not enumerated in the Constitution. The State governments largely duplicate the Federal, let the States run and regulate themselves. Eliminate the Federal Income tax, let the States do the taxing. We can keep better control of them.
And do what with them afterward? They have no useful skills. Who has the sand to retrain them? Some old school Gunny Sargents?
Let em eat cake. Or suggest they choose euthanasia and reduce the surplus population.
Can’t wait for the sparkling Jobs Report entailing Feb 2025 & Mar 2025:
Private Jobs= yada-yada-yada
Federal Jobs=MINUS 2.5 million
Tiz a start……..
We need to let them know in their anguish that they can always learn to code, build solar panels, get a “green job”, or go help rebuild Ukraine (complete with shovel, gloves, and trash bags).
Start by eliminating the last 87,000 +/- IRS hires!
GOP ballot lead in Arizona runs up to +176,951 (R+8.1%) with this morning’s update.
—
It is R+50,495 (R+1.3%) in North Carolina combined early and mail, and NC in registration is D+1.4%. Rs are +2.7% ahead of the state party index and are going to kill it on Election Day.
North Carolina should not in play to any serious analyst, so forget the polling and focus on hard facts. If Harris can’t MAX OUT Mecklenburg and Wake, she cannot tilt the state.
S Keshel
Please keep the updates coming, Seth – they are greatly appreciated
Sick ’em Elon!
Limited hangout. I suspect private sector losses for October are two+ times higher than reported here. They released these numbers because they look ‘bad but not horrible’ (as compared to the utterly devastating reality, which will only be revealed in the ‘readjustment’ after the election).
“The host is getting smaller, the parasites are enlarging”. Perfect. : )
Everything swamp is fraud, including the jobs report. BLS is just another alphabet agency used for propaganda, gaslighting.
That being said “you don’t need a weather man to tell you which way the wind is blowing:” Things suck.
And just think that since the employment numbers have been so bad and manipulated by the government, just how bad are the inflation data, GDP data, and other economic data the government reports have been the last year or 2 (or more)?
I believe we are in and have been in a recession for a while.
I also believe that more banks are in trouble than what they’re telling us and the stock market is poised for a ‘correction’ (crash).
Lotta lipstick folks!
That sounds about right.
Jump starting the energy sector will take things off life support.
Let’s hope there is a huge jump in gallows construction jobs by 2025Q3.
Lots of lonely lampposts in D.C…
Anecdotal:
Our home insurance agent informed us that a lot of mortgage companies are not paying the escrowed money for insurance on time. Word is they’re saying the money was disbursed but payment comes later than they said it was sent.
Ours didn’t pay our flood for 8 years. We assumed all escrows asap. Never let a bank handle it for you ever.
So true!
That’s why I refused to keep an escrow account and always paid tax myself
manipulated
No affiliation. This is not financial advice. ymmv
John Williams(shadowstats.com): From Fake Stats to Real Repercussions
“Williams expresses concerns over the intentional distortion of inflation and GDP statistics, which can deceive the public and impact their decisions, potentially harming the economy and markets.”
Used the read him years ago.
Always liked him.
Central banks are seemingly gobbling up the smaller, local and state banks, leaving people with fewer, if any, alternatives –ultimately, funneling us all into CBDC’s, perhaps?
Been Saying…
It’s THE ECONOMY STUPID!!
for 3 and a half anos!
“Inflation is a stealth tax.” – Orange Man Comprende
It’s not the economy, it’s the corruption, Bobo.
https://truthsocial.com/@realDonaldTrump/posts/113292222448287217
Nice, sac/ govt just bought 40,000 votes. Last I checked, that’s illegal.
It’s worse than that, as reported by Monica Crowley on War Room this morning, there were 46,000 manufacturing jobs lost last month and what jobs that were created were government hires or government related companies with contracts.
There is no longer a middle class. 10-20% of top earners are doing fine and the other 90-80% of earners are struggling paycheck to paycheck, often relying on credit cards to get by.
Folks this is the definition of a third world country.
Financial reports from the Federal government have become totally useless
Financial reports fromthe Federal government have become totally uselessI stand corrected!
Included in that figure is PepsiCo closing at least 4 manufacturing plants in Chicago, Cincinnati,
Harrisburg and Atlanta and downsizing in Riviera Beach, FL.
People or folks are changing to drinking the other crap energy drinks.
Riviera Bch is a typical hood, the condo owners on Singer Island are the whole tax base for the gib me crew.
The local street entrepreneurs work the corner of MLK Blvd and BHO Hwy, plus the adjacent area.
Yikes! There sure Alot of MLK Blvd s around huh?
I was a Diet Pepsi drinker. That and Monster energy drinks. Due to a necessary diet restriction, I stopped all of them and now drink homemade tea and lemonade. In addition to being healthier for me, it is gobs cheaper. I don’t doubt that people are using cheaper alternatives. It is an easy place to find a few bucks in the weekly budget.
The CBS News is blaming it on the 2 hurricanes and Boeing
Markets love the bad numbers though. Rate cut mania reaching fever pitch again.
It’s not that the emporer has no clothes. In fact, he’s wearing the shirt off my back.
His feet encased in boots—on my neck.
Well well .. revised downward you say and direct report that the economy sucks???
Why break a 4 year 0r 48 month trend … or … adding 8 years or 96 months if one includes Comrade Obama’s 2009-2016 as this is JoeBAMA Biden’s operating under the direction of his daddy Obama.
As I was saying … why break a 144 month trend of revising ALL economic reports under Obama to the BAD every time they are issued?
Just a minor alteration to Sundances’ article … it’s not that the bad news was reported … it always has been … just the revisions came 2-3 weeks after the fact. The surprise is that the report went straight to the facts for October.
I still have a feeling … the democrats are entering Executive Office candidate purge mode.
Let President Trump win if that occurs, while dominating the down ballot elections to stop him as well as set up a new base for 2026 and beyond.
Purge the party of the current crop of puppets for a new set to foist on the public.
The host is getting smaller, the parasites are enlarging.
Yes the parasites will start feeding on each other soon.
Who is the parasite is becoming a matter of perspective, especially the perspective of the Financial Puppet Masters. All are customers in the eye of Global Corporation.
So, the 87,000 IRS employees, new employees for the Government Run Cyber Security Entities and others is REAL.
Gee … wonder what their job will include.
They will complete the destruction of the 40% still paying taxes and then become employees of the Puppet Masters running the Government via the Uni-party.
The value of currency is “what they say it is”. G-7 Governments have nearly lost their grip on the power of valuation.
My daughter was unexpectedly fired this morning from a university. They claim they didn’t have the money to hold on to her position. Not good timing with the holidays just around the corner. She and her husband are both big lefties and are voting Dem and have been living life as if the economy was roaring. New cars, vacations, etc. and they have one child.
With 22 million government workers on the payroll and more government hirings on the horizon, it’s the only thing that makes our pathetic GDP look acceptable.
Maybe some on the left will awaken to the plight we’re truly in. I’m not holding my breath.
Unfortunately, many people can’t seem to see cause and effect. BTW my daughter lost her job and is having a very difficult time finding a new one.
Just what we need, more lazy a–es watch porn online instead of working. There are WAY too many govt workers. Time to have Musk slash the size of govt by about 99%. Have these people compete against the illegals they let in for jobs….
This I’m looking forward to Then we can quote Walz’s wife…Ba ….bye!!!!!
Jobs down, inflation and interest rates up. Stagflation.
There is no room to cut interest rates to spur the economy, inflation will be the only result. The debt is a real concern, talked about for years but it is hitting the tipping point.
It’s probably worse than what they’re reporting.
New hires in government jobs tend to support the administration under which they were hired.
these become the Borg collective
DEI is still in effect in the civil service CPO.
Civilian Personnel Office.
We have 21 million illegal aliens and create 12k jobs, actually negative private sector jobs.
They are going to have to create another 40 million gov’t jobs to put the illegals on the payroll.
The illegals are not reported because they are out picking crops and are included in the farm labor which is not included in this report.
If you don’t believe me, just ask AOC.
The illegals are already on the payroll or should I say pay dole.
There is the problem of credibility. No one believes any of their numbers anymore but consider what the new normal actuarial tables show. Since the first year of the “vaxx” rollouts the excess death rate has remained about 500,000, per year more than the previous years.
This has no doubt helped hide the true economic numbers.
I keep wondering when the “spin doctors” will run out of spin? When will the truth of our true financial situation, and all the other truths that have had a blanket thrown over them with lies and “spin” about the real situations we are faced with.
The lies about the “war” in Ukraine, the invasion at the border, the demise of the dollar, our food source, medical malpractice and medicinal supply chain, et. al.
I have witnessed with my own eyes the lies being perpetuated and I am certain that when the truth breaks out from under the covers this administration has thrown over it, it will shock the entire world at how corrupt the US government has become. It can’t go on.
While in line to vote today, a young woman with a 2 year old behind stated the situation succinctly and correctly. She said “we are over this, it needs to be stopped”.
They never run out of spin; they just recycle the old stuff. They’ve incredibly kept the Hitler/Nazi trope alive and influencing politics since WWII, that’s a whopping 79 years. So much for the creativity of the propaganda masters of our universe.
Have to give them credit for coming up with variations on a theme, however. Look what they’ve done over the millennia with the ‘Chicken little’/’Sky is Falling’ doom scenario– going through uncountable iterations to finally emerge today as ‘Climate Change/Global Warming/Green Doom.’
First of all, I don’t buy their simplistic garabge economic formulas and as if there is actually a truly accurate measure of these inputs, but that’s what they use, so…
GDP = C + I + G + NX
G = government spending
C = consumption
I = investment
NX = net exports which are imports minus exports
When G based to a large extent upon borrowed money (i.e. theft from future productivity) which also greatly influences C and I grows to be a large component in that equation, GDP is no longer an accurate measure of the true productivity of an economy.
The Declining Usefulness of Debt
May 07, 2009
https://seekingalpha.com/article/136058-the-declining-usefulness-of-debt
There is a massive wave of government hiring going on. They know they’re about to lose and are trying to flood the zone with GS employees. Lots and lots of military organizations were ordered to massively hire more govt civilians.
The new Trump SecDef is going to have to unwind that. Contractors aren’t much better, but contractors can be fired. Govt civilians basically cannot unless POTUS intervenes.
The Federal workforce is a huge problem, and it is the silent army behind the #resistance, with BLM/Antifa’s shock troops doing the visible dirty work.
They’re going to have to gut the Fed workforce to kneecap the #resistance.
DOGE will clear them all out in no time.
Elon Musk is coming in with a chain saw.
Government is the only sector that grows. GRRRRR!
A drill down on these numbers (as uncertain as they are), indicates that the largest government hiring area was in local government education.
Public School Teachers.
The worst radical left ideologues and activists of all. A local scourge.
Tariffs not taxes! President Donald J Trump:Make America Great Again!
There is a serious problem on the horizon. With a horrific jobs number interest rates went up……
This means the FED has lost control of interest rates, bond buyers should be anticipating the FED to cut interest rates to boost the economy and supposedly jobs. Bond buyers should buy if they anticipated rates to go down, there’s something way off in the operation of the economy, fiscal and monetary situation. Why are they letting the cat out of the bag now?
A great column by Pat Buchanan on the American history of Tariffs.
–
“The Tariff of 1890 bears the name of Ohio Congressman and future President William McKinley, who said that a foreign manufacturer “has no right or claim to equality with our own. … He pays no taxes. He performs no civil duties.””
(Perhaps partly why he was murdered?)
Tariffs: The Taxes That Made America Great
https://buchanan.org/blog/tariffs-the-taxes-that-made-america-great-136986
Partly?
Problem is that too many have been sustaining that standard of living by using credit cards, and also using them for emergencies that can’t be paid for with depleted savings. There is a crisis, created and unacknowledged by the Left.
States bloated with admin jobs that may not pay alot but cost the taxpayers a ton in benefits.
Oklahoma. Population about 4 mill. 1.8 mill in two counties. Yet, OK has 77 counties. Think about it: 77 county clerks, tax assessors, treasurers, judges, etc, etc. OK only needs about 30 counties.
Bureaucrats number nearly 20 MILLION: State and Federal!!!
Yes, a terrible amount of paperwork and hither-dithering to make it look like something is being accomplished!
It is not just the FedGov which needs to lose 50 to 70% of its size!!!
And keep in mind that MOST of those people vote DEM, because they are dependent on BIG GOVERNMENT!
https://www.statista.com/statistics/204535/number-of-governmental-employees-in-the-us/
County size is a relic of the horse and buggy era. County seats were usually located where it was a reasonable ride from most parts of the county.
I’m surprised the BLS didn’t print some fraudulent numbers to make Biden look good. You think they could keep up that fraud for five days.
What I observe locally are many large and ugly multi-unit residential complexes springing up everywhere. (10 minute cities) No traditional single-family type housing being built. Its obviously due to the illegal resident housing shortage.
farmers, cattlemen, dairy, all have to have correct data on feed, weather, markets. The same is true for all business. Somewhere in all this is an opportunity to throw these liars in prison, at the very minimum sue or fine them into oblivion.
The one thing the left kills it on is organizing, conservatives suck at it. I guess our ‘self sufficient’ ego says “ we don’t need no help”? Rambo was a character, played by an egotistical maniac who destroyed his family, body, and health. The navy seal’s, as an example, never leave a team member, they all have a job and part in kicking butt. It’s time to quit measuring people and give everyone a place and job to destroy this machine.
parasites
“The bureaucracy is the state.” – Mussolini
The first time Kamala is able to pull a crowd without entertainers is in the heart of the DC Swamp. Thousands of federal employees, bureaucrats, lobbyists all showing up to support the woman who will uphold the corrupt system they benefit from. What a powerful metaphor.
Sundance’s to the point, spot on analysis is what initially got me to CTH. Another grand slam from the man gifted with profound vocabulary. Don’t you just love the English language.
My husband has been unemployed for over a year. White collar professionals are taking a major beating for the past 2 years….the layoffs continue. It took many way way to long to wake up. Let’s hope it isn’t too late…
My daughter has been out of work for quite a while and struggling to find something. The economy is way worse than is being ‘advertised’.
A guest on Warroom today said something I cannot stop thinking of: 2 insights: More families made their first trips to Europe last year. And more families made their first trips to the Food Bank last year….. Is there another antidote to summarize the polarization happening????
A small yet potent symbol of the intentional destruction of America and the raising of a small elite profiting from the increasing misery of the middle and lower classes, all caused by the DEM Communists.
Migrants Say They’re Not Coming if Trump is President
https://www.thegatewaypundit.com/2024/11/migrants-say-theyre-not-coming-if-trump-is/
great! Stay home and apply to come here legally. Thanks!
Every Commie’s wet dream is a 100% state work force. Zero private.
Gettin’ there.
Look at the job added numbers for the different MONTHS, then go look at the “new unemployment claim” numbers for the WEEK…
Keep in mind that
A: There are at least 4 weeks in every month and B: The job numbers include part time work.