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Philadelphia Fed admits US jobs overstated by at least 1.1 million.

TN Lion

Well-Known Member
Sep 6, 2001
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As the Philly Fed notes, "estimates by the Federal Reserve Bank of Philadelphia indicate that the employment changes from March through June 2022 were significantly different in 33 states and the District of Columbia compared with current state estimates from the Bureau of Labor Statistics’ (BLS) Current Employment Statistics (CES). Early benchmark estimates indicated higher changes in four states, lower changes in 29 states and the District of Columbia, and lesser changes in the remaining 17 states.
 
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