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Jobs Report is Total Nonsense [1]
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Date: 2025-04-04
I was rather suspicious when I saw today’s Jobs Report only showed a loss of 4000 Federal jobs. Here’s the reality (bolding mine):
Federal government positions declined by just 4,000, despite the Elon Musk-led efforts, through the so-called Department of Government Efficiency, to pare the federal workforce. However, the BLS noted that workers on severance or paid leave are counted as employed. A report Thursday from consultancy firm Challenger, Gray & Christmas indicated that DOGE-related layoffs have totaled more than 275,000 so far.
Eventually this is going to hit the fan. Not surprisingly CNN has yet to mention what seemed so obvious. This is also likely true of the February Jobs Report. Short version: As bad as you are being told things are, they’re actually worse. It appears there are more than a ¼ million lost jobs that have yet to be counted. Buckle up. It’s going to be a rough ride.
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