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Biden Lied, People Died

Not really, but a pretty bad look for the BLS. Many have been skeptical about the figures coming out and they were right.

Data published Wednesday by the Bureau of Labor Statistics suggest payrolls might have grown about 60,000 less per month on average last year than the roughly 250,000 run-rate derived from the agency’s monthly employment report. The new figures, from the Quarterly Census of Employment and Wages, cover more than 95% of US jobs. and are eventually used in annual revisions to the monthly data.
The QCEW release, as it’s known, adds to uncertainty surrounding the state of the labor market as the US central bank deliberates over when to begin cutting interest rates. While some indicators — such as monthly payrolls and weekly unemployment insurance claims — suggest the market remains robust, others — such as rising unemployment and a decline in job openings — point to cracks developing.
“There’s a pretty good chance that the establishment survey has been really overstating the condition of the labor market,” Barry Knapp, founder of Ironsides Macroeconomics, said of the monthly payroll numbers. “The job market is weaker than the Fed thinks.”
A chunk of the potential overestimation of payrolls stems from adjustments the agency makes to the monthly employment report to account for the net amount of businesses opening and going under, Wong and Knapp say. Because the BLS only surveys existing establishments, it uses a so-called birth-death model to estimate those flows.

“The labor market saw a turning point sometime in the second half of 2023,” Wong said. “Business closures surged, while new business formations slowed sharply.”



Blue suffers another 9-0 shutout

On the heels of deep blue Colorado getting stuffed 9-0 in the Trump ballot case, deep blue New York gets shut out 9-0 in the NRA free speech case. (New York? What a shocker).

Essentially the New York financial regulators tried to coerce financial institutions into blackballing the NRA because New York doesn’t approve of the NRA message. New York lost 9-0

Two important take aways. First, Indirect government coercion is the same as direct suppression. Second, institutional viewpoint discrimination is particularly harmful to democracy.


The ACU, was on the NRA’s side. This is why I used to be a member.

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Trump Fundraising

So is Sachs a redneck intellectually inferior human to all you Dems on here?

I heard they expected to raise $5M and raised $12M.




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