Let’s hope that the following does not come to fruition. Bloomberg is reporting that the U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on February 5, 2010.
The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the time.
The potential revised job numbers are for the period of April 2008 to March 2009. You know what that means? If this report is correct, the Obama Administration will just blame GWB.
It would appear that not only the jobs numbers might have been manipulated , but could budget numbers been as well?