RADIO

What the White House is HIDING in the latest jobs report

The January 2024 jobs report has released and the media is touting it as great news. But average Americans know the truth: The economy is struggling. So, what’s going on here? Glenn dives into the real stats: Did Americans really get a raise? Were 353,000 jobs really added? Is unemployment really down? Or is it all just a massive government lie?

Transcript

Below is a rush transcript that may contain errors

GLENN: I -- I want to talk to you about first the jobs report.

Last hour, we went into the -- the Senate bill, that you've got to call your senators. And tell them not to pass this.

I know it's dead on arrival, according to the Speaker of the House. But it can be passed in the Senate either. Don't let any of this slip through.

If you want some more information, we'll give you more information later on in the program.

But if you missed the first hour of the broadest, you can find it wherever you get your podcasts.

Today's podcast. We'll have all the information you need on that. Now, let me go back to Friday. Because there was something that came out last week. And everybody was saying, oh, my gosh. The jobs report, oh, America is working like nobody's business.

Stu, give me some of the headlines that you found over the weekend on this jobs report.

STU: Headlines. Yeah.

One of the big things you hear about -- that was incredibly great. It was wonderful. The economy was wonderful.

And this was sort of a peering into what we're seeing over the next eight or nine months.

GLENN: Correct.

STU: As we get closer to the election.

Let me give you the example to the New York Times yesterday.

Just listen to the framing of this. Why are Americans are wary, while the economy is healthy. Look at Nevada. Economic shocks over two decades. Combined with reliance on volatile casinos, have undermined confidence despite an economy that is bustling.

There's a couple of facts stated there, right?

GLENN: Yeah. That the economy is bustling. That's a fact.

STU: It is bustling. And it is healthy.

Now, why -- the question is not, what's going on with the economy. The question is, what's going on with people's minds. That indicates why they don't understand the economy is bustling. Why they don't understand the economy is healthy.

It's not a question about whether the economy is healthy or not.

GLENN: No, no, no. It is easy. This is why they're going after disinformation. Like the information I'm employing to give to you next.

They'll say this is disinformation. And you're studio stupid to understand that the economy is bustling. You will see these kinds of headlines all the way up to the election. Okay?

All the way up to the election.

They have to convince Americans, that it's just them.

All right. So let's look at this report. They reported last week, that in January, we unexpectedly added 353,000 jobs.

That's the most since January 23. When it was 482.

Double the -- the forecast of 185,000 jobs, last month, they say, we -- my gosh, it was 353.

And most people expected only 185,000 jobs that were created.

Okay?

Now. Let's look into it.

The average hourly earnings?

Spiked from 4.1, to 4.5.

That's the highest since last September.

They spiked.

Okay. Now, let's look at -- let's look at this for just a second.

Did people get a raise? Did the hourly earnings actually go up, because of actual wages?

No.

It's a trick.

It's a trap!

They actually rose because the Bureau of Labor Statistics, decided to slash the number of estimated hours that everybody was working.

They said, the hours went from 34.3, to 34.1.

Which may not sound like a lot.

But that's why your hourly looks like it's going up. Because they changed that one metric. Can. If that metric is true, the last time the workweek was this low, was when the economy was shut down, because of COVID!

Okay. So that doesn't sound healthy.

In January, the BLS conducted the annual re-benchmarking and update of seasonal adjustment factors.

Long story short here. What was until December, a decline in jobs, has now miraculously transformed into gains.

Consider this, before the revision, the average monthly job gain in 2021 was largely unchanged.

And while the average monthly gain in 2022 was revised lower, this was purposely goal seat, to make 2023 appear stronger.

And indeed, the average monthly increase in 2023, has been revised.

From 225,000 to 255.

Which would be great, which would be great, if only it wasn't for the almost entirely -- entirely due to the -- the latest choice of seasonal adjustments. Ready.

The Biden administration numbers are now clearly rising, even as the impartial ADP, which directly logs employment numbers, at the company level.

And is far more accurate. Because they're actually looking at the payroll.

It shows an accelerating slow down.

Seasonal adjustments.

The January print was all about seasonal. Because why are the seasonally adjusted payrolls was up 353,000?

The unadjusted was down 2.635 million.

That's 3 million jobs different. So here -- here's -- let me break it. 10 percent error rate. Just a 10 percent error rate in the seasonal adjustment. That's roughly where it always falls.

It would wipe out the entire gang, and make January increase a decline.

Then, again, this is the case with every January jobs report, because the actual change in jobs in the first month of the year, this year, is down anywhere between 2.5 and 3 million. The latest diversions between the establishment payrolls and then the much more household actual unemployment or employment survey, the BLS claims 353,000 payrolls were added.

But the household survey that counts the number of actually employed workers, this time dropped by 31,000.

Okay. Wait a minute. Wait a minute. So which one is right?

This means that the payroll series hit all-time highs every month since December 2020.

The level of unemployment has barely budged in the last year.

Worse, the -- this has opened up the -- the number of unemployed or employed workers.

If -- if the numbers are true, the way they've adjusted everything. The number of employed workers would need to sorry by 9 million to catch up to what the payroll claims is the actual employment situation. BLS reports that in January 2024, the US had 133.1 million full-time jobs, and 27.9 million part-time jobs.

That's great until you look back one year, and find out that in February '23, the US had 133.2 million full-time jobs or more than it does a year later.

So wait.

We had 133.1 million full-time jobs last December, or January.

But this January, it's supposed to be great. But last January, we had 133.2.

Somehow or another, we've lost some jobs.

Where does it go?

And, by the way, all of the job growth since then has been part-time jobs.

Part-time jobs have increased by 870,000. And all the jobs? Yes, they're part-time. But here's something even better.

The number of native born workers is down again. It has slid by a massive 560,000. Add this to the December data. We get a new record of 1.9 million in a plunge from native-born workers in the last two months.

2 million native-born workers have lost their jobs.

And the job creation, all of it in the last four years. Has been exclusively foreign-born workers.

Zero job creation for native-born workers since July of 2018. So tell me we're getting healthier. I don't think we are. I think people are working part-time jobs a lot more. And people who are born here in America, are not getting jobs, because all of the job growth has been with nonnative-born workers. Oh, you're only saying that because you hate -- no. I'm only saying it because that's what the numbers say, period.

RADIO

This Russian nuke warning is HORRIFIC… for an UNEXPECTED reason

Glenn Beck reviews a video of Aleksandr Dugin, known as “Putin’s brain,” warning that nuclear war is inevitable. But this warning from Russia is absolutely terrifying for another reason: it’s NOT REAL …

THE GLENN BECK PODCAST

Operation Fast and Furious: The TRUE Story of How the Feds were Running Guns into Mexico

The Border Crisis has been ongoing for years, and one of the biggest scandals was the ATF “gunwalking” scandal known as Operation Fast and Furious which occurred during when Barack Obama was President. Glenn Beck talks with John Dodson, the whistleblower who revealed the scandal to get the facts about what happened and why it was a flawed operation from its inception.
Watch the FULL Interview HERE

VIDEOS

Glenn Beck & Piers Morgan REACT to Trump's Iran Strike & What Comes Next

Glenn Beck joins Piers Morgan to react to President Trump's decision to strike Iran's Nuclear Facilities and what could come next with the conflict. Is this just the start of a larger conflict involving Iran, Israel and the United States, or will this move by Trump put at least a temporary end to the brewing tensions?

RADIO

Meet the pro-Intifada candidate NYC Democrats just elected

New York City Democrats just elected 33-year-old Zohran Mamdani, a "socialist Muslim", as the Party's candidate for mayor. But Glenn Beck argues that his radical beliefs are actually communist and Islamist.

Transcript

Below is a rush transcript that may contain errors

VOICE: Z10852. Something weird is going on. The World Trade Center is on fire.

VOICE: Seriously the top of the building. We're trying to get information.

VOICE: Top level of one of the --

VOICE: To unfold from New York City.

VOICE: A plane crashed just --

VOICE: My sister is in that believe. I hope she's okay. I have to come to New York.

VOICE: It's pandemonium.

VOICE: It's raining papers.

VOICE: Wait a minute! Stop just a second. Why are we -- why are we -- I've got breaking news. Breaking news, yesterday. New York City just elected as their mayoral candidate for the left. And the Democrats, a -- a Muslim radical, who is also a communist!

So, you know, it only took you 25 years. It only took you 25 years, New York, to go completely insane.

Somebody who is -- well, I mean, if I might quote Michael malice today. I am old enough to remember when New Yorkers endured 9/11 instead of voting for it.

But you've got a -- you've got a communist jihadist apologist now.

Who was -- you know, well, CAIR put $100,000 behind his bid for New York City mayor.

So you have somebody who is endorsed by CAIR. That's really good.

He also was somebody who said, you know, he was -- he was for the shooting of the United Health Care CEO.

Said he was looking forward to driving down magnum Joan avenue. I don't know. Sounds like supporting people in the streets. Maybe it's just me.

Then he also said that he was going to globalize the intifada, which I think that's -- maybe -- maybe that's just me.

I mean, what do I know?

Tim Miller who is a podcaster. Asked him a few weeks ago. Asked him about his pro Palestinian slogan. Globalized the intifada. And he said, for me, ultimately, what I hear in so many, is a desperate desire for equality and equal rights, in standing up for Palistinian human rights. Oh, is that what you hear, Mr. CAIR?

Really? Huh, that's interesting.

Right. So globalize the intifada.

I mean, I mean, sure, that's -- I mean well, let me go on.

Because I don't want to take him out of context.

He then delved into the semantics of the intifada, citing the United States Holocaust memorial museum's use of a word for a translation for uprising, in an Arabic version of an article, a museum published about the Warsaw ghetto.

Oh!

So this is just a comparison, about the -- the armed rebellion against the Nazis!

I don't know if that makes me feel better!

I mean, if we're globalizing that.

We're the Nazis in this scenario.

Because I don't think it's the Palestinians.

I certainly don't think it's anybody who is like, hey.

Global jihad. I don't think it's those guys.

Or the Nazis. Who are the Nazis in that?

And it seems, if that's what you mean, then it's not just a harmless kind of slogan about human rights. It is a call for violence on the streets.

Because I don't know if you know, that's what happened when the Jews had their uprising against the Nazis.

I'm just saying!

But, hey, hey, free Palestine.

Oh, that's not what that means, gang. That is not what that means, but don't worry about it. He's just going to be possibly the new mayor.

And that's great. By the way, the Columbia faculty members signed a letter defending Hamas.

They were also among the donors to his mayoral campaign.

So, you know, you don't have anything to worry about.

And his father, who used to work at Columbia. Do you know, Stu?

Is his Dad -- is he still a professor at Columbia University?

He said that -- this violent terror thing of Islam, is not a part of Islam. Now, I've read the Koran, and much of the hadith.

And I'm pretty sure the violence is a part of that. But no.

No. This is something entirely new.

And his father while at Columbia university, wanted everybody to know, that this is actually -- this is something that came out of America!

America is really responsible for this.

And, you know, it really started with the Reagan administration, you know, when he started -- when he started with his very religious terms, to finish the war against the evil empire.

So, you know, that's where -- that's where 9/11 came from.

Is what -- don't worry about it! Don't worry about it!

Because who am I? I'm clearly just -- am I an anti-Semite today, or am I an Islamophobic? I can't remember which one.

Oh, it's probably both. Anyway, Islamophobia. Let me just explain Islamophobia. I haven't even gotten to the Communist part of it. Which is really, really -- New York, you're in one for hell of a ride. Buckle up.

It will be a fun rollercoaster for you. My gosh, I've never been happier that I've been away are if New York.

Anyway, I just want I to know, there is Islam. And then there is Islamists. Now, an Islamist is somebody who really wants Sharia law.

That's political Islam!

That's not a faith. That's political Islam.

Now, let me make really -- something really clear. Criticizing Islamism, is not Islamophobia. Pointing out the dangers of, oh. I don't know.

Political Islam. The ideology that seeks to use the tools of democracy, ultimately to destroy democracy, is not an attack on Muslims.

No. Uh-uh.

You know why?

Because Muslims are often the first people in line.

The first victims of the ideology.

So let's draw a bright, bright line between Islam as a faith, millions of people can practice that faithfully and peacefully.

It's mostly peaceful, okay?

Then there's the Islamism.

Islamism is something entirely -- that's a political project.

A theocratic political -- oh. Left loves theocracies. They love it.

Of course, you never see a problem with it.

See it when an Islamist is touting it. Anyway, it's not about prayer. It's not about fasting. It's not about spiritual life.

It's all about power. It's about merging of mosque and state. It's about implementing Sharia, not as a personal code of conduct. But as a governing legal system.

And it's -- it's supremacy.

Absolutely. Faith.

Religion.

It's -- there's one thing that's supreme.

It's misogynistic.

Deeply intolerant of all kinds of things.

Descent. Secularism. Other faiths. Even competing interpretations from inside the faith itself.

It will behead them too.

So let's -- let's be honest here for a second.

You know, CAIR should be labeled an international terror organization.

In my opinion. In my opinion.

Oh, does that make me -- that makes me an Islamophobe. I'm sure. I'm sure they will start a campaign against me on being an Islamophobe.

Stand in line, guys. You've been doing it since 2001, okay?

I don't really care. And I don't think the American people. I think that record, all the grooves are worn-out on that one, okay?

This is not a religion we're talking about. When we're talking about Sharia law. And we're talking about globalize the intifada. What does that mean, actually, to globalize it?

Does that mean we now want to do what is happening to Israel? All over the world?

Has the Palestinian plight become our plight you now, as Americans?

That there has to be an intifada here!

Because it's the kind of the same. You know. It's kind of the same over, you know, with what the Palestinians are going through.

Well, it's very much like what the Jews went through with the Nazis.

That's a weird one. That one makes my head hurt. It's very much the same as that. And very much the same as the fight against Donald Trump.

Oh, this is going to be fun. It's fun!

Really fun. You know, the irony here is, the ones that will scream Islamophobia the most, are the ones in the progressive left, the champions of feminism, LGBTQ rights. And secularism.

They're going to -- no. You want -- they're going to stand with the people, who want to kill them first.

See, this is how smart they are!

This is why it's going to work out well, in New York City.

Let me just say. If you have an ounce of common sense, you run a business, you have an ounce of wealth. And I don't mean wealth like, you know, hey, Lovey.

Let's get on the boat for a three-hour tour with a suitcase full of cash. I mean you saved anything, anything, get the hell out of New York City.

I mean, this is about survival. This is about free speech. This is about women's rights.
Religious pluralism. Secular legal systems. Liberal democracy.

But it's also about failed principles of Communism. Okay?

First, you have to call out political Islam for what it is. Okay?

And we have to do it with the clarity that we call out white nationalism.

Got to do it with that. Got to -- you know, the Klan. Really bad people.

Really bad people.

Anybody who is shouting for globalized intifada?

Pretty bad. Pretty bad people.

Okay?

Now, let's get to communism.

Because that's another cool, cool angle of the new Democratic candidate for -- for mayor of New York City.

That I just -- I think is cuddly and cute. Sure, it led to 100 million deaths. But this time, New York is going to be radically different. Oh, did I use the word radical?

I didn't mean to use that. What's radical about this guy?

Nothing. He's just like you!

Well, not exactly.

But let's talk about communism, next!

Now, the new mayoral candidate that's running there in New York City. That so many young people rushed to defend and vote for. He's promising free buses.

That's going to work out.

Where are you going to get the money for free buses.

It's free!

City-run grocery stores.

Oh, rent freezes. And finally somebody has done it. A 30-dollar minimum wage.

So under the banner of equity. And, you know, we will tax the wealthy. And the corporations. You know, we're going to squeeze another $10 billion out of them.

Really?

Because they're going to call a U-Haul.

You know, they will call something like U-Haul. There will be a lot of -- there will be a lot of movers that are like, how do I get the truck back from Texas or Florida back up to New York? Nobody is moving up there.

But he's going to do it.

Now, his vision isn't really new. You know, just -- just tax people, so we could have city-run grocery stores. You know, I remember -- I'm old enough to remember those city-run grocery stores in Moscow.

They were great.

The shelves were empty.

But that's just Moscow.

It worked out completely different in Venezuela.

Where, oh, no.

It didn't. That's right. The grocery store.

They were eating the zoo animals.

But it will be different in New York.

Because they have rent controls too.

And that will just choke the housing supply, but don't worry. As a young family.

You know, you voted for it.

You know better.

It will work this time.

So, you know, I like building ideas, I just don't like usually building on the graves of 100 million people.

But, you know, why not? Why not?

You know, use this dogma.

And this time, it will be different. It's not like it was in China. Where the great leap forward, was a gross -- a gross parody of progress. Venezuela, which was oil rich. One of the richest nations in the hemisphere now sees 90 percent of its population in poverty!

Yeah. Darn it. You know what they did?

They decided to take state control of things.

You know, like grocery stores. And it worked out well. How is that free busing working out in Venezuela?

I just want to -- I just want to know.

Anyway, then you've got the globalize the intifada. Which is going to drop a little violence in, and anti-Semitism in with your communism.

Which is weird!

Because violence and anti-Semitism, always happen. When it -- when it comes to -- when it comes to communism.

This is weird!

I've got to play something for you. Because this has talked about on me earlier this morning.

Oh, wow.

Wait a minute. This is -- this is the whole coalition coming together here.

So this is going to be good. New York, this is going to be great.

It's going to be great for you.

No. He's going to uplift you. Then the social fabric of New York City is just going to be -- just one.

It's going to be fantastic. Don't worry about your 120 billion dollars in debt. Or your 10 billion-dollar deficit that you have right now.

You are going to charge the rich more taxes, and they will stay right there.

They will be like, you know what, that 46 percent in taxes that I'm paying, this is just not enough. It's just not enough.

I need to pay 60 or 70 percent to be able to pay my fair share. So that's good. That's good. That's good.

You know, they're not risking 100 million people. It's just 8 million people.

This time, it's just 8 million people.

But, hey. For those of you in upstate New York. That aren't going to be part of this experiment.

Don't worry, you get to pay for it. Because they'll kick it up to the state. The state will have to subsidize everything. And don't you love it?

Really, don't you want to subsidize the really crazy ideas of New York City?

I mean, why don't you have a -- why don't you have a democratic socialist. A/k/a communist mayor.

Why haven't you done that? Are you not progressive enough? Are you not looking into the future?

Are you stuck in the past?

I don't know. I don't know. The graveyard is pretty big. I have a hard time getting past that one. You know, yeah, so I'm stuck in the past. Because I can't seem to pass that graveyard, and get to be down the path with you. But it's going to be a paradise.

Forget arithmetic. You know, or human nature. This time, it's going to work. It's going to work. So all right!

Wish I lived in this morning.

No wait. Nope. I don't. Nope, I don't.

And Ted Cruz, stop it. Stop writing, hey, come to Texas. No. No. Don't come to Texas. Don't come to Florida. Go to California. It's beautiful this time of year. Go there. Go there.