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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]The initial job numbers are revised significantly downward each time. It’s been the pattern for the entirety of the Trump administration. There is no chance these are the real numbers. They drop by 50% or more next month. [/quote] This is actually an issue that preceded the Trump administration and relates to the delay (or lack of response) from employers and the numbers eventually get reconciled to the state unemployment commission data. There is probably a better way to collect the data but of course no one is willing to appropriate money for BLS to implement such a system.[/quote] There was some of this issue in the last year of Biden but it is much much worse for the first year of Trump. It may be a technical issue and not bad faith, but regardless of the cause it is real and so no one should believe the initial job numbers. They are totally meaningless.[/quote]
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