Peter's Blog

Jobs: The Household Survey Tells a Different Story

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the headline number, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on. 

Peter Schiff: Another BS Jobs Report

The story of America’s job growth is more complex and nuanced than the government wants us to believe. In a world where job numbers wield significant influence over perceptions of economic health, it’s crucial to scrutinize the data—and the methods behind their presentation—closely. In his latest podcast, Peter Schiff delves into the murky waters of […]

How the Government Constructs Positive Economic Data

A startling disconnect as we edge closer to the 2024 general election: On one hand, so-called “experts” parade optimistic economic reports, but for the average American, the story is starkly different. In heated debates, economists squabble over whether the public is hoodwinking pollsters or if mysterious forces are at play. Our guest columnist explains how […]

Peter Schiff: The Hidden Ills in America’s Recent Job Creation

In his latest podcast episode, Peter uncovered the unsettling realities of recent job market trends, focusing primarily on the December jobs report. He casts a light on the sickly nature of recent job creation:

Peter Schiff: Joe Biden Doesn’t Have Anything to Take Credit For

Most mainstream pundits characterized the November jobs report as a “Goldilocks” report. Job growth was strong enough to support the “soft landing” narrative but not so strong it might scare the Fed into raising interest rates again. President Joe Biden used the report to boast about his economic achievements. But according to Peter Schiff, Biden […]

Peter Schiff: Just One More Hyped Up Jobs Report

According to the latest non-farm payroll report from the Bureau of Labor Statistics (BLS) the US economy added 199,000 new jobs in November and the unemployment rate dropped to 3.7%. This was widely viewed as a “strong” jobs report. According to one mainstream analyst, the November employment data “portrays an economy that is easing toward […]

Peter Schiff and Dan Ball: Things Are Even Doomier and Gloomier Than They Look

Peter Schiff recently appeared on Real America with Dan Ball to talk about the latest employment data and the state of the real estate market. We know there is a lot of doom and gloom in the headlines, but Peter said the situation is actually doomier and gloomier than the headlines suggest.

Peter Schiff: The Fed Won’t Achieve Either of Its Mandates

The Federal Reserve operates under a dual mandate from Congress — to achieve maximum employment and stable prices. In a recent podcast, Peter Schiff explained why the Fed won’t achieve either.

Peter Schiff: The Recession May Have Already Started

President Biden keeps saying the economy is great. Fed officials say the economy is expanding at a “strong pace.” Peter Schiff isn’t buying the narrative. He says we may already be in a recession and he made a strong case in his podcast.

Peter Schiff: Job Numbers Not as Great as the Headlines Make Them Seem

The Bureau of Labor Statistics (BLS) released the non-farm payroll report for September on Friday. Once again, the headline numbers didn’t reflect reality. Peter Schiff talked about it in his podcast. He said all of the people like President Biden probably shouldn’t be bragging about creating jobs people wish they didn’t have to have.