These guys remind me of Harry Truman’s lament that someday, he’d like to meet a two-handed economist - they are always saying, “on the other hand . . .”.
But there’s no way they’ll let it be reported that the number is negative.
They blame weather and a strike.
My band plays at a local club that never has much of a crowd. The first time they said there was a local event that was sucking people away. The second time there was a big basketball game that night. Then the weather.
We finally figured out that we were seeing how big their crowd was.
There is always something. So the “something” is not the problem.
What was the state by state growth?
I truly do not know what these economists expect? They are quite literally the dumbest smart people on the Earth. We have an administration that is openly hostile to the free market, criminals destroying the market infrastructure without consequence, a congress that desires to tax them to oblivion coupled with the salient business crushing issue of raising the minimum wage, and a legal system that will destroy any business that has a moral and/or ethical backbone.
What could possibly go wrong?
When revised it will be negative.
They did this last year, too. Now they’ll revise it down even more. Then the next quarter’s numbers will appear in comparison to be huge growth.
We all know by now that government statistics are political and have been politicized.
If wages haven’t grown and participation in employment hasn’t increased, then things are bad. The government is hiding all that with numbers that are fudged.