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BLS Hallucinated a Million Jobs. The Fed Can't Fix This

https://www.profitableratecpm.com/f4ffsdxe?key=39b1ebce72f3758345b2155c98e6709c

BLS Hallucinated a Million Jobs. The Fed Can't Fix This
Tuesday morning, the Bureau of Labor Statistics dropped a bombshell that should terrify economists and workers alike: They hallucinated nearly one million jobs that never actually existed between March 2024 and March this year. While some revisions are normal, this is a record-setting high in either direction. For the last eighteen months, we’ve been making policy decisions based on phantom positions that existed only in government spreadsheets.

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