- The Biden administration claimed it had achieved historic job growth during the second quarter, overstating the number of jobs created by more than 1 million at a time when hiring had stalled according to a new estimate.
- The BLS, a division of the Department of Labor, estimated net job growth of 1,047,000 jobs in the second quarter. The Philadelphia Fed now says its data shows that 10,500 net jobs were created in that period.
- Republicans are accusing the administration of lying about the employment data in an election year and are demanding answers.
- In the run-up to the midterm elections, Biden and the White House repeatedly referenced the phony jobs numbers as proof that the administration’s economic policies were working.
