Barry Habib On The Government Lying About The Unemployment Rate | Ep. 246 | Part 2
PBD Podcast
PBD Podcast
4.4 • 4.1K Ratings
🗓️ 14 March 2023
⏱️ 57 minutes
🧾️ Download transcript
Summary
In this episode, Patrick Bet-David and Barry Habib will discuss:
- The government lying about the unemployment rate
- Mortgage rates
- If DeSantis benefit from the SVB collapse
- Banks competing for deposits
FaceTime or Ask Patrick any questions on https://minnect.com/Want to get clear on your next 5 business moves? https://valuetainment.com/academy/Join the channel to get exclusive access to perks: https://bit.ly/3Q9rSQLDownload the podcasts on all your favorite platforms https://bit.ly/3sFAW4NText: PODCAST to 310.340.1132 to get added to the distribution list
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The Fed thinks that the job market's so great, you got James Bullard, you got all of them on parade saying we got blow out jobs number. B.S. |
| 0:06.0 | Number one, in January showed 517,000 job creations. |
| 0:10.0 | That is not for real. What we had was we had a seasonal adjustment. |
| 0:15.0 | The numbers showed we lost 2.5 million jobs, |
| 0:18.0 | but they said, you know, January, we usually use 3 million. |
| 0:20.0 | So poof, 500,000 jobs created. |
| 0:22.0 | We did not create those. But what's even more egregious? Take a look Rob. Just |
| 0:26.6 | scroll through real quick to the next one. I want to show you. So this is the 517, right? |
| 0:30.8 | It really would have been 2.5 million losses on the next one and go ahead and |
| 0:36.4 | scroll through if you can. And when you, when you, I wanted to show you the thing from |
| 0:41.6 | the BLS, just go to the very next slide just |
| 0:43.4 | yeah just advance it to the next one you see the bottom left it says the arrow I don't |
| 0:47.6 | know if you see there yeah just advance it to the very next slide there you go at the |
| 0:51.2 | bottom there you see what's just 2.5 million losses that's from the |
| 0:54.1 | BLS you can't play with that now look at the next one the next one's absolutely |
| 0:57.6 | crazy pat look at these numbers guys you see the Bureau of Labor Statistics right |
| 1:01.9 | our government that's our government. Our government. |
| 1:03.0 | That's our government. |
| 1:04.0 | So take a look at what they showed from the household survey, which as you all know, that's |
| 1:06.9 | when we get the unemployment rate. |
| 1:09.3 | Yeah, there you go. |
| 1:10.3 | They claimed in January we created 894,000 jobs, but what they did was they made an adjustment called a population control effect. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from PBD Podcast, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of PBD Podcast and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

