In data collected and analyzed by the Federal Reserve Bank of Philadelphia (for the time period of March through June), it is shown that despite governmental claims of high job growth across the nation (estimated as almost 1.1 Million jobs), the actual data is closer to 11 Thousand (10,500). This means the original number was off by a factor of 100.
In the aggregate, 10,500 net new jobs were added during the period rather than the 1,121,500 jobs estimated by the sum of the states; the U.S. CES estimated net growth of 1,047,000 jobs for the period.
They go on to say:
Payroll jobs in the nation remained essentially flat from March through June 2022 after adjusting for QCEW data:
• Less than the 3.0 percent growth indicated by the sum of the states
• Less than the 2.8 percent growth indicated by the U.S. CES estimates
The Federal Reserve Bank of Philadelphia’s PDF regarding this can be viewed below.