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Philadelphia Fed Admits US Payrolls Overstated By At Least 800,000

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

United statesDistrict of columbiaWhite houseBureau of labor statisticBiden labor departmentLabor departmentBiden bureau of goalseeked statisticsEstablishment surveyUnemployed workersHousehold surveyQuarterly censusPhiladelphia fedEarly benchmark revisionState payroll employmentPresenting exhibitEarly benchmark revisions

Two things count the most: The policy response to the Covid surge in China and US inflation

Outlook: This week in the US it’s mostly housing data, consumer confidence and a biggie, personal income and spending on Friday–but Friday is the day

United statesOmid shakerniaRob arnottResearch associatesChine covidNew york fedPhiladelphia fedEarly benchmark revisionsState employmentPhilly fedEmployment statisticsHistory lessonsRockefeller morning briefing

Jobs Added in 2nd Quarter Revised Down From More than a Million to Just 10 5K by Philadelphia Fed

The Federal Reserve Bank of Philadelphia has revised the number of new jobs created in the second quarter of 2022 down by more than a million, prompting a Bloomberg market expert to issue a warning.

United statesDistrict of columbiaJoe biden screenshotJohn authersFederal reserve bankBureau of labor statisticBureau of labor statisticsFederal reserveEarly benchmark revisionsState payroll employmentPhiladelphia fedLabor statisticsLabor statisticCurrent employment statisticsQuarterly censusJoe biden

Philadelphia Federal Reserve says 10K jobs were added in the US in Q2, NOT 1 million

Yes, that's right, the Philly Fed says 1 million jobs were not added, only 10,000

United statesPhiladelphia fedEarly benchmark revisionsState payroll

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