Financial Expert Says Numbers in New Jobs Report ‘Do Not Add Up’

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My father, may he rest in peace, was not the political animal that his son turned out to be, but he did have one unshakable belief about government reports.

They’re made up to reflect whatever the president wants people to believe the truth to be, he thought. And he’s not alone in that, of course.

Tax attorney and registered investment advisor Rebecca Walser would probably have gotten along with my dad — at least while they were talking about this subject.

Walser appeared on Fox Business’ “Mornings with Maria” on Friday to discuss, along with a number of other guests, the most recent jobs report from the President Joe Biden‘s Bureau of Labor Statistics.

“It’s a shock, actually,” Walser said of the report that claimed that 353,000 new jobs were added in January.

“It doesn’t jibe, because The Challenger Report just said that U.S. employers announced 82,000 job cuts in the month of January,” Walser explained, referring to the January 2024 report from Challenger, Gray and Christmas that cited 82,307 job cuts in January.

That number was a 136 percent increase over the previous month — not a terrible surprise, given that many companies will avoid laying employees off over the holidays — and the highest number of job cuts announced in January since 2009, during the so-called “Great Recession.”

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