Well the U.S. Bureau of Labor Statistics' (BLS) version of the January 2022 jobs report came out and it was wildly divergent from ADP's private sector jobs report of earlier this week.
ADP reported the economy lost 301,000 jobs in January. The BLS says it not only gained 467,000 jobs in January, but gained 300,000 more than previously reported in December 2021.
How convenient for a very unpopular president.
President Biden has already called a press conference, presumably to take credit for this wonderful economic development.
Meanwhile, the stock markets are continuing the sell-off that began yesterday, despite the "good news."
I present my reasons for what we're seeing on today's episode of Tom Mullen Talks Freedom, along with all the relevant links to data on the show notes
page.
What we're seeing is perfectly consisent with the scenario I described in my latest book, It’s the Fed, Stupid. If you haven't already, download a free e-book copy here.
It’s also available in paperback here. It’s priced at a pre-hyperinflation level so grab a few copies for friends if you can.
It makes a great introduction to the government’s most economically damaging institution for liberals, conservatives, libertarians, socialists, and independents alike.
It also helps me keep the lights on here so I can continue to bring you great content.