Reply to Did you guys just see the latest job report? The forecast was so off

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]When I saw the headlines I went straight to AI to inquire about revisions. Here's what gemini says

"Based on February 11, 2026, BLS data, the 2025 annual benchmark revision drastically lowered US job growth, showing only 181,000 jobs added for the year, down from the initially reported 584,000. This significant downward revision for March 2025 and subsequent months, totaling roughly 862,000 to 898,000 fewer jobs, indicates a much weaker labor market than previously thought. "[/quote]

So the Federal reserve was making decisions based on inaccurate data.

[b]This country is too wealthy and has more than enough experts to come up with more timely and accurate job reports. [/b]

[/quote]

Too many people want to be the people who opine about the data.  Few want to be the fed workers at the bottom of the food chain who produce and compile the data (e.g., Bureau of Labor Statistics).

I worked at another agency long ago and had a coworker who used to say: "BLS waits for me like the pit".

I also interviewed with the IRS Statistics of Income Division long ago and they left me to have a 1:1 conversation with a recent W&M economics grad. She whispered to me that her job was terrible and not to join.

I liked the federal job I finally chose.  I had great, committed colleagues and my job felt very productive and socially valuable.  I was in more of a policy and regulatory role.  The data-gathering shops had more of a boring, low emotional reward reputation.  Although the stability and relatively low political pressure was valued at that time. I can only imagine what it's like now with no stability and forced retirements of experienced staff and a President who promotes lying.[/quote]

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