4.4 • 1.1K Ratings
🗓️ 10 June 2024
⏱️ 18 minutes
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0:00.0 | You know, sometimes I feel like I'm living in a bizarro world. |
0:08.0 | On the one hand, I turn on C and B.C. and I see them praising the fact that there are these new jobs numbers that just came out, hotter |
0:14.0 | than expected. |
0:15.4 | And then I go around the internet and there's similar headlines, hotter than expected jobs |
0:19.8 | report for May. |
0:21.7 | This is good news for President Biden adding $273,000 |
0:26.8 | $3,000 payroll jobs. What the heck's actually going on here? I feel like |
0:31.1 | seriously when you actually dive into the numbers the mainstream media is |
0:35.3 | absolutely just lying right to your faces so what in the world happened but we got the |
0:39.6 | Bureau of Labor Statistics numbers this past week and at the surface it seemed like wow a lot of these guys |
0:45.5 | Golden Sachs and Wells Fargo and Bank of America they totally underestimated the fact that the economy |
0:51.2 | added all sorts of new payroll numbers. |
0:53.8 | Wow, more payrolls, that's good news, right? |
0:56.6 | So this came in hotter than expected. |
0:59.0 | Well, the truth is much darker. |
1:02.3 | So can we actually tell you what happened here? I'm going to show you the numbers here and we put up some charts here to to illuminate you on this. |
1:10.0 | But of course what actually happened is that more Americans are losing full-time jobs |
1:16.4 | But they're adding secondary and more part-time jobs. So yes, we added more payrolls |
1:28.0 | more people with more pay rolls is not good for America. More full-time workers are declining. So the real story is that Americans are losing their jobs. |
1:35.0 | Americans are losing their full-time stable employment jobs. |
1:40.0 | That's what's really going on here. |
1:42.0 | And what they're being replaced with are multiple jobs. I remember a few years |
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