Biden Job Growth Estimate UNEXPECTEDLY Revised Down by 1M

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President Joe Biden’s administration boasted this year that American job growth in the second quarter of 2022 had surged, evidence, the White House claimed, that Biden’s economic policies were helping the U.S. thrive.

Turns out, it was a bunch of malarkey.

The Federal Reserve Bank of Philadelphia said Friday the U.S. economy only added 10,500 jobs in the second quarter of 2022 — 1 million fewer than the White House claimed.

So what happened?

For Republican lawmakers, the answer is clear: a politicized White House lied about the economy to shore up support for the Democratic Party heading into midterm elections.

Although Republicans haven’t presented any evidence to back the claim, the new numbers are stark.

The Bureau of Labor Statistics measured net job growth of 1,047,000 in that time period.

But according to the Philly Fed, BLS was off by more than one million. In 29 states and the District of Columbia, BLS severely overestimated job creation.

If they’re not lying, then they’re just devastatingly incompetent.

Either way, the new Republican Majority in the House of Representatives ought to add this to their list of Biden White House scandals to investigate.

It’s a long list…

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