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The Jason Stapleton Program

The BLS is Lying About the Jobs Numbers

The Jason Stapleton Program

Jason Stapleton

4.61.9K Ratings

🗓️ 5 February 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

The BLS isn’t even trying to hide the fact that they’re intentionally misleading the public about the health of our jobs market.

They’re intentionally deceiving Americans about how many jobs are being lost. And they’re being supported by the financial pundits at every major news outlet.

Today I’m going to break down the numbers for you so you can see what’s really going on.

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Transcript

Click on a timestamp to play from that location

0:00.0

We got an interesting show today. Welcome back everybody. Glad you're here. Hope you had a great weekend. I am I'm a I'm a little frustrated. That's the best way to say it. My Irish is up a little bit today because if you watch the news you think that the economy is doing great

0:25.3

Three hundred and fifty three thousand jobs printed in January new job

0:31.0

crew that's crazy it beat all of the expectations by a wide margin. The

0:36.5

consensus I think was 185. And even the most aggressive number that was put out as a projection was under the 353,000 jobs that were

0:46.1

anticipated.

0:48.0

And you've got every major financial analyst on every news outlet in America from Fox News to

0:54.4

CNN to CN BC all touting this number how incredible it is and now the

1:00.2

unemployment rate is one of the best we've seen in 20 years. And yet when the number prints, you kind of know, you're like, this doesn't jive with what I've been told, with what I, with what the numbers that we've seen previously and you're trying to

1:14.3

figure out where all this is coming from and I spent the better part of

1:19.6

of yesterday really tracking down what the numbers meant and it turns out that and there's

1:27.3

no other way to say this right I do I do say this with some trepidation because I

1:32.0

don't want to be one of those people who says these

1:34.0

father, these liars and these guys are deceptive and they're, you know, because sometimes it's just bad

1:39.8

information, right? That it's not intentional.

1:43.4

But this is intentional deception.

1:46.2

The Bureau of Labor and Statistics, which has its own way of measuring the amount of jobs that were won or lost.

1:54.8

As continually over the last six to eight months presented a very rosy picture of our economy, but anyone who looks into the numbers can tell that quite

2:06.8

the opposite is true, that the economy is losing full-time jobs at a rapid pace that and I'll show you some data to prove this to you today

2:17.5

and that we are seeing more and more Americans having to take on part-time work in order to pay the bills because they're losing their full-time jobs or their jobs just aren't keeping up with the amount of inflation that's happening.

2:30.0

Inflation is still running at 3.7%. Of course if you listen to 60 minutes give their

2:35.7

talk this weekend he said it's close to 3% no it's close to 4% not 3% it's close to 4%.

2:43.7

And that's well above the Fed's 2% target.

...

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