The radical party of trump is celebrating the report, not Democrats. We do not have a conservative party
Jobs Report
- Thread starter dpic73
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Ray Dalio Warns US Debt Per Family Will Rise 85% To $425,000 Over Next 10 Years As House Passes Trump's 'Big Beautiful Bill' - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)
Ray Dalio has sounded the alarm on the U.S. fiscal trajectory following Congress's passage of the One Big Beautiful Bill Act.
www.benzinga.com
All time high achieved. Well done maga boys. I understand why you poors voted for donald.
I couldn't despise this man any more than I do right now.
Looking forward to the release of August jobs report that is the Greatest Jobs Report in History with a 1 million jobs added. Unemployment will be zero. Inflation will be negative. Everyone will be telling him they've never seen a job report like that. Probably the greatest job report ever.
do you really trust them now? The jobs numbers are constantly revised up or down and it has been this way seemly forever (maybe an exaggeration). My complaint has been that the FED uses the numbers as as basis, agreed only a part, for their decisions. Then a day or two later the numbers are revised. I understand you use the best data available, but when you can predict that revisions will come out a day or two later.....
I also agree that not a good move to fire the head of the department. Just more trump chaos.
I don't really have the patience for your excuses right now. All hail fascism!
I don't understand you. The jobs reports have been revised up and down as a matter of course. statement of fact.
The fed just met and part of their analysis included job %..also fact.
And firing someone based on bad data is also not good.
somehow I don't think there's an excuse in there. I
This article linked below says it all. Bad jobs news? Fire the (nonpartisan) Commissioner of Labor Statistics for having the gall to report the bad news (aka, the truth). You can now expect a new Commissioner of Labor Statistics who will have credentials similar to Hegseth and that big boobed collie (forget her name) who serves as Trump's mouthpiece. (That appointment will probably be an interim appointment, because it is likely to be someone who is so unqualified that he/she cannot muster sufficient support for confirmation.) And we can now look forward to future job reports upon which no rational person can rely. Awesome.
www.msnbc.com
Trump responds to his failure to create jobs by firing the U.S. labor statistics chief
Confronted with evidence of his own failures, the president could've changed direction. He instead found it easier to fire his labor statistics chief.
www.msnbc.com
AI Overview
Yes, the U.S. Bureau of Labor Statistics (BLS) has always adjusted past job numbers, a process that is part of its routine data collection and revision methodology. These adjustments are made annually through a benchmark revision process and also occur with each monthly jobs report as more complete data becomes available.
Why and how the BLS adjusts job numbers:
- Benchmarking:
Annually, the BLS revises the data from its monthly survey of businesses' payrolls to align with the more comprehensive data from the Quarterly Census of Employment and Wages (QCEW) program, which utilizes state unemployment insurance (UI) tax records that nearly all employers are required to file. This process compares the sample-based estimates from the monthly survey to a near-census of all payroll employment.
- Monthly Revisions:
In each monthly jobs report, the BLS revises the previous months' job numbers because the initial data is based on preliminary estimates and does not always include complete information from all businesses. As more data arrives from employers and government agencies, the BLS updates these figures in subsequent reports.
- Purpose of Adjustments:
These revisions help to ensure the accuracy and reliability of the employment data, reflecting the most up-to-date understanding of the labor market. While revisions can be small and go unnoticed, sometimes they are significant enough to alter the perception of economic conditions, as seen with recent downward revisions.
Taken from someone else but nicely sums up our current shitshow...
You know how whenever a country like Russia or China or NK publishes a statistic about their economy, it is inherently distrusted as possible or even likely propaganda?
And you know how that makes it virtually impossible for large, legitimate businesses in the US, Canada, and Western Europe to invest there?
Imagine that the statistics heads in each of our government departments is fired and replaced by a Trump die-hard without any integrity. What do you think would happen to the inherent trust level with US government-backed statistics and, in turn, the likelihood of a company to invest bigly in our markets.
Don’t forget that encouraging such investment is (allegedly) the whole ******* point of the Trump tariff regimen.
You know how whenever a country like Russia or China or NK publishes a statistic about their economy, it is inherently distrusted as possible or even likely propaganda?
And you know how that makes it virtually impossible for large, legitimate businesses in the US, Canada, and Western Europe to invest there?
Imagine that the statistics heads in each of our government departments is fired and replaced by a Trump die-hard without any integrity. What do you think would happen to the inherent trust level with US government-backed statistics and, in turn, the likelihood of a company to invest bigly in our markets.
Don’t forget that encouraging such investment is (allegedly) the whole ******* point of the Trump tariff regimen.
The Fed should have interest rates at around 1.5. Europe is down in the dirt already. Guess Powell wants that recession
That someone else is savage and absolutely right! Who the hell would trust doing business with this corrupt, fascist regime? If I was a company with production in another country, I'd just take some hits and wait it out until we kick these reprobates out on their ***.
Interest rates would have already been much lower without Trump's incoherent tariff madness. He did this, he needs to accept the blame - It's on him.
I hope somehow Trump is no longer in the picture when Powell is replaced
Trump Will Remake the Fed. Lower Rates Are Just the Start.: https://www.barrons.com/articles/trump-fed-chair-interest-rates-0650f8f6
Trump Will Remake the Fed. Lower Rates Are Just the Start.: https://www.barrons.com/articles/trump-fed-chair-interest-rates-0650f8f6
Fed Governor Adriana Kugler Resigns, Giving Trump an Opening to Reshape the Fed: https://www.barrons.com/articles/fed-governor-adriana-kugler-dfe5aa7a
You don't get competent performance from people who lick the space between Trump's anus and sack Gomer
"Erika L. McEntarfer was confirmed as the 16th Commissioner of the Bureau of Labor Statistics by the United States Senate on January 11, 2024. The vote was 86-8, indicating strong bipartisan support."
The goal with trump and all authoritarian fascists is to centralize their power and never have to answer for anything. Yall Trumpians are partacking in an overthrow of American excellence for the purpose of worshiping a false idol.
And someone has was fired and held accountable. How many times did that happen under Biden?
Not surprised you see it that way.
Personally, seems like one of those numbers that is literally always adjusted. Don’t know why they don’t delay the report. Find a new rhythm where the only numbers are the final ones.
Agree and the only way to do that is to change what you are currently doing. And that requires making changes, just like Trump did.
The report is essentially useless in its current form. Hopefully the next person in charge can do a better job and be held accountable.
I think it’d been pretty easy to just adjust when the report comes out rather than fire someone. But it is what it is. I have no knowledge either way how good they were at their job.
When it looks like the person is baking the numbers for political reasons then it reaches a new level and has to be addressed. I only recall these job numbers being revised over the last few years. Doesn't mean it never occurred of course.
Useless when it goes against your leaders rhetoric?
Purposely obtuse or unknowingly ignorant.
Revisions happen all the time and they are usually larger when there are large shocks to the systems. 9/11, Global Financial Crisis, Pandemic, Liberation Day etc.
You can review all revisions back to 1979 if interest
