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Rebel Capitalist News

News: The US Could Be Lying About The Jobs Market - Here's Proof

Rebel Capitalist News

George Gammon

Investing, Business

4.71.1K Ratings

🗓️ 13 February 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello fellow rebel capitalists hope you're well so we've got this bombshell chart or multiple

0:06.8

charts that I think proves the United States or the Bureau of Labor and Statistics,

0:14.7

the United States government could be lying

0:17.9

about the jobs market.

0:20.5

Let's dive right into this Zero Hedge article and check it out title total US jobless

0:26.3

claims near one year high what wait a minute I thought the jobs market was on fire. I thought the economy was booming

0:36.6

according to Jerome Powell and the central planners like Janet Yellen, Joe Biden. In fact, just last Friday, remember just a blow

0:47.7

out jobs number. The expectation was like 180,000. We have like 560. Something absolutely incredible that shows a

0:57.8

labor market is extremely tight. They're way more jobs than people who actually want jobs.

1:04.5

But now all of a sudden, we're getting data that shows the U.S. jobless claims are at an all-time high or one-year high excuse me how how is how can

1:19.3

these two data points be reconciled.

1:24.1

How can they both be true?

1:26.2

I mean, I don't think they can.

1:27.7

How can there be way more jobs than workers,

1:31.7

but yet the jobless claims are at a one-year high, unless people are just

1:37.6

saying, hey, who wants to work?

1:40.1

Why on earth should I work when I could just get some freebies from the government?

1:43.1

Maybe that's it.

1:44.3

But I think this should definitely be included in our calculation as to how strong the U.S. economy is. Let's go through the article.

1:55.0

Initial and continuing, initial and continuing jobless claims rose last week.

2:01.2

And this, let's go to this chart this is not the chart that I want to

2:06.2

point out but there's a lot of good charts in this article so it looks like

...

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