Estimate jobs number was what, fifty thousand something, but BLS says 160k jobs were created? Really?? No f’n way. I call bullshit.
These numbers are cooked for sure, in my smooth brained opinion. Gotta keep this stock market propped up by any means necessary, right?? ADP reported 38k jobs created. I know they’re not the be all end all for gauging the employment market but damn, 38k ~ 162k is a wider spread than what your mom has after a white claw and a smack on the ass.
The Quarterly Census of Employment and Wages (QCEW) is a hard count based on actual state unemployment insurance tax filings covering more than 95% of all U.S. jobs.
So while the BLS gets the QCEW data each quarter and updates their records accordingly (downward, historically) their month to month numbers are sketch af because their downward revisions generally wind up near what ADP originally reported.