Never Tell Us Again That We're Imagining Things

We've been told that things aren't as bad as we think they are, and that the economy is good -- just like how we were told that Biden was sharp as a tack and we were "faking" his decline.

Today we had this unsurprising news. It's the largest downward revision in 15 years. What other things are they lying about?

US economy created 818,000 fewer jobs than previously reported
Labor Department releases key payroll data

"The Bureau of Labor Statistics revised down its total tally of jobs created in March by 818,000 as part of its preliminary annual benchmark review of payroll data.

"It marks the largest downward revision since 2009, and suggests the labor market began losing steam earlier than initially thought.

"The labor market appears weaker than originally reported," said Jeffrey Roach, chief economist at LPL Financial. "A deteriorating labor market will allow the Fed to highlight both sides of the dual mandate and investors should expect the Fed to prepare markets for a cut at the September meeting."