U.S. private jobs overcounted by 358,000, government payrolls revised higher

The U.S. labor market is seeing quite an inversion.

Under President Joe Biden this year, the government has become the No. 1 job creator,

But here is the deal: government payrolls were revised higher again.

U.S. private jobs were revised down by 358,000 this year.

Government jobs were revised higher by 52,000.

Ouch.