Between the ongoing sugar hangover from their onanistic coverage of Obama Night at the 2024 Democratic National Convention, and the anticipation of speeches from President Bill Clinton and the Governor of Stolen Valor, the Regime Media evening newscasts mostly neglected to report on a piece of data that is potentially damaging to the electoral prospects of the Regime’s new figurehead- Vice President Kamala Harris.
ABC World News Tonight was the sole network newscast to report on the Bureau of Labor Statistics’ massive downward revision of reported jobs- 818,000 fewer than previously reported. Here is that report in its entirety:
ABC WORLD NEWS TONIGHT
8/21/24
6:47 PM
DAVID MUIR: Now to the economy tonight. Newly revised jobs data showing the jobs market hasn't been as hot as it seemed. 818,000 fewer jobs were added during the 12 months that ended in March than previously reported. This puts more pressure on the Federal Reserve to cut interest rates, potentially by half a percentage point next month which could, of course, lower car loans, mortgages, and credit card rates.
That’s a scant 19 seconds for an embarrassment of a report that would’ve been three minutes and 19 seconds had such a massive revision occurred during the Trump Administration.
Per the Associated Press:
The downgraded estimate follows a jobs report for July that was much worse than expected, leading many economists to suggest that the Fed had waited too long to begin cutting interest rates to support the economy. The unemployment rate rose for the fourth straight month, to a still-low 4.3%, and employers added just 114,000 jobs.
The Fed raised its benchmark rate 11 times in 2022 and 2023 to fight inflation, which hit a four-decade high more than two years ago. Year-over-year inflation has since plummeted — from 9.1% in June 2022 to 2.9%, clearing the way for the Fed to begin cutting rates when it next meets in mid-September.
The 818,000 jobs average out to 68,000 a month for that year preceding. The revision suggests that the economy wasn’t as good as the Biden-Harris Administration made it out to be.
But tonight, CBS and NBC are nowhere to be found on the matter. Such inconvenient reporting might interfere with the ongoing Obama Restoration.
If it weren’t for Regime Media, we’d have none at all.
