The U.S. federal government has produced higher than expected jobs numbers by double-counting figures this year, a top economist has stated.
Throughout this year, the monthly jobs reports have been repeatedly topping market estimates.
The July and August non-farm payrolls (NFP) reports showed 528,000 and 315,000 new jobs, respectively.The figures are far higher than what many economists and analysts had initially projected.White House officials have taken victory laps on the employment data, noting that these numbers are proof the economy is strong and that President Joe Biden’s policies are supporting post-pandemic growth.However, economists have been raising questions about the discrepancy between […]
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