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Things aren’t good.
The October jobs report dropped this morning.
The gubment is going to great lengths to cover up growing economic problems.
Key Take-Aways
* An astounding one-third of total jobs added were government hires!
* Non-farm payroll numbers have been revised downward every single month in 2023. Insanity.
* August was revised down by 62K jobs.
* September was revised down by 39K jobs.
* The last time we had 7 straight months of downward revisions was during the Great Financial Crisis.
* Now we’ve had 9 consecutive months of negative revisions.
* The economy is great as long as they spend the sh!t out of your future — and your kids’ and grandkids’.
The full clip is linked below.
Hedgeye Risk Management | WTF? 9 Months In A Row Of Negative Jobs Report Revisions (3 November 2023)
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