Posted on 08/01/2025 12:18:31 PM PDT by Miami Rebel
How were the tables turned?
The NYT always approaches anything to do with Trump in an adversarial way.
What’s YOUR interpretation?
Did the BLS botch the numbers? Because if it purposely reported false, lower jobs numbers, it actually strengthened the administration’s argument for lower rates.
LOL yes
Given today’s revisions, though, it seems likely Q2 will be revised lower. I’m not saying the Fed shouldn’t ease, but until today I think the case was not really clear. Now seeing the impact of the tariff policies on growth they probably will cut a bit at the next meeting.
Recall that every time in Dem administrations that there are downward data revisions everyone on FR squeals “oooh! they hid the weakness in the revisions.”
The article is misleading. Trump is not firing the BLS commissioner because of a weak job report. That suggests that he is pressuring BLS to show high job numbers. He is firing the commissioner because of incompetence and/or political manipulation of the numbers. We need a non-partisan, smart and accurate BLS commissioner.
Yup.
You can get all the data - both raw inputs and normalized outputs - easily enough (https://www.bls.gov/developers/home.htm).
I can get monthly data back to 1979.
Pay me enough to make it worth my time and I suppose I could also do some Bloomberg Terminal checks (or Thompson or Lexis) comparisons to prove that yeah:
1) Nobody is cooking any books and
2) There actually isn’t any kind of partisan pattern to over/under preliminaries vs revised numbers
But... my time is valuable. So, you know... put say, $20k in escrow account and sure... I’ll build you a Kibana dashboard or something.
Seriously…. When a gullible public fake news stat like this is in control of a Biden holdover you MUST remove her. The “jobs” data will be all over the place for a period of time, as Trump continues to clean house and you need someone trustworthy to back it up.
Either way, she should be ass-canned immediately.
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