All New US Jobs Since The Covid Crash Have Gone To Foreign-Born Workers
https://www.zerohedge.com/economics/all-new-us-jobs-covid-crash-have-gone-foreign-born-workersWe live in a strange time, one where the formerly unthinkable - skepticism among the "very serious people" about government data veracity - has become mundane. And yet even though numerous bank analysts and strategists, and this site of course, have repeatedly raised questions and concerns about the credibility of the most important US economic data - the monthly jobs report - nothing ever changes and if it does, it comes in the form of periodic "seasonal adjustment" resets where we "learn" that all the data that guided markets and central banks, had been fake, manipulated wrong for years.
But even if one ignores the blatant manipulation of economic data by self-serving administrations, who hope to generate political brownie points by casting the economy in a far stronger light than is merited in reality, there are still various bizarre offshoots within the data which few notice yet which are instrumental to maintaining the fake narrative.
Such as this: readers are probably aware that according to the BLS, there are now roughly 3.3 million more jobs (155.7 million) than there were at the peak just before the covid crash (152.4 million).
The devils are in the details.
