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Reply to "Trump fires commissioner of labor statistics to be fired after weak jobs figures"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The WSJ editorial board weighs in: “…the BLS job revisions are best explained by a decline in business response rates, not political bias. The reality of slowing job growth is clear to anyone paying attention, no matter the official statistics. Mr. Trump’s data denial is one more reason fewer Americans will trust the government.” [/quote] This is true - rare from the WSJ editorial board. Survey response rates have plummeted since Covid. [twitter]https://x.com/dominicjpino/status/1951392430520979804?s=46&t=kf1qYlCXQnKgUhJWEIu2vg[/twitter][/quote] A 40% response rate should be more than sufficient, unless the decline is due to some other bias. All sorts of government projections have become much worse since COVID, so the citation of that decline, without more, is just silly anti-Trump nonsense from the Never-Trumpers as the WSJ. Imagine being a college graduate and thinking that change in response rate alone is persuasive. I know you don't need to be numerate to get a college degree, but really, that's just sad. [/quote] Why should it be sufficient? Can you provide us your insight on how the model works?[/quote] Your school should have taught you about sample sizes and confidence intervals. [/quote]
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