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Unemployment Numbers WAY Understated! Labor Department Officially Admits It’s Wrong!

EVERYTHING WILL BE CUT

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We have seen cases in which inaccurate data has been found and corrected. Revisions take place. But in 2020, admission after admission of incorrect data has been detected, referenced, and then ignored. Despite the fake numbers, the mainstream media will continue to parrot the official numbers. They don’t even look at the Labor Department’s own statements about how inaccurate the numbers are simply because they know the majority isn’t paying attention and it’s really all about keeping them divided and conquered. Job well done it seems.

 

U.S. Jobless-Claims Data to Come With Disclaimer on Accuracy

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Labor Department Published ‘Flawed Estimates’ of Weekly Jobless Claims, Watchdog Says – WSJ

https://www.wsj.com/articles/labor-department-published-flawed-estimates-of-weekly-jobless-claims-watchdog-says-11606752477

COVID-19: Urgent Actions Needed to Better Ensure an Effective Federal Response

COVID-19: Urgent Actions Needed to Better Ensure an Effective Federal Response

Our oversight of the federal COVID-19 response continues. Findings include: In our national survey, states and territories were concerned about…

US media layoffs on track for record high in 2020 | TheHill

US media layoffs on track for record high in 2020

Media industry layoffs are poised to reach an all-time high in 2020 due in large part to the coronavirus pandemic, according to new research. An estimated 28,637 cuts were reported in the industry by late October, Variety, citing data from Challenger, Gray & Christmas, reported, nearly as many as the record 28,803 reported in the…

Statement on LIBOR Transition – November 30, 2020

Click to access bcreg20201130a1.pdf

Median Home Price Sets New Record in California – DNyuz

DNyuz – Latest Breaking U.S. News

Latest Breaking News, U.S. and World Politics, Crime, Business, Science, Technology, Autos, Entertainment, Culture, Movie, Music, Sports.

Italy Approves New Stimulus Package to Bolster Shrinking Economy – Bloomberg

https://www.bloomberg.com/news/articles/2020-11-30/italy-approves-new-stimulus-package-to-bolster-shrinking-economy

How did the owner of Buca, La Banane and Jacobs rack up $46 million in debt? (Including almost $100,000 for mushrooms) | The Star

https://www.thestar.com/business/2020/11/26/how-did-the-owner-of-buca-la-banane-and-jacobs-rack-up-46-million-in-debt-including-almost-100000-for-mushrooms.html

Dollar index hits its lowest level in more than two years – Axios

Dollar index hits its lowest level in more than two years

Investors shifted into riskier assets – leaving the dollar to fall 2.5%.

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(19) Janet Yellen on Twitter:

“We face great challenges as a country right now. To recover, we must restore the American dream—a society where each person can rise to their potential and dream even bigger for their children. As Treasury Secretary, I will work every day towards rebuilding that dream for all.” / Twitter

Secretary Janet Yellen on Twitter: “We face great challenges as a country right now. To recover, we must restore the American dream-a society where each person can rise to their potential and dream even bigger for their children.As Treasury Secretary, I will work every day towards rebuilding that dream for all. / Twitter”

We face great challenges as a country right now. To recover, we must restore the American dream-a society where each person can rise to their potential and dream even bigger for their children.As Treasury Secretary, I will work every day towards rebuilding that dream for all.


There has been more money, cash, debt flowing into equities. More cash here than ever before. Money printing is buying treasuries, bonds, debt at a record pace in 2020. Tech stocks are being bought heavily. Margin accounts are popular.


— APPENDICES —


— FOOTNOTES —

The Money GPS on Twitter: “Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick. / Twitter”

Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.

The Money GPS on Twitter: “Hmmmm…What do you think about this? pic.twitter.com/M87q3TLzv9 / Twitter”

Hmmmm…What do you think about this? pic.twitter.com/M87q3TLzv9

The Money GPS on Twitter: “JANET YELLEN MIGHT BE BACK. Anyone suggesting government took over the Fed and not the other way around needs to wake up. Fed gained more control. Even Bloomberg admits it. The revolving door and the control over the public is very evident to those paying attention. #janetyellen pic.twitter.com/2lHmrIHw0T / Twitter”

JANET YELLEN MIGHT BE BACK. Anyone suggesting government took over the Fed and not the other way around needs to wake up. Fed gained more control. Even Bloomberg admits it. The revolving door and the control over the public is very evident to those paying attention. #janetyellen pic.twitter.com/2lHmrIHw0T


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The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #money #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT


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Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2020


The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.

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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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