Jobs report lousy: Trump shoots the messenger

DaisyDay said:

While his reason may be incorrect, his action is undeniably authoritarian. Potemkin stats, anyone?

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Donald Trump gets even more bad news on US economy

Analysts expect more jobs data revisions in 2025, after Friday's payrolls report led to the firing of America's chief employment statistician.

www.newsweek.com

wing2000 said:

...maybe you should do some more research on why the initial job report is routinely revised.

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DaisyDay said:

He is a business school graduate and a variably successful businessman so I would expect him to understand how the statistics are gathered and reported. I wish he could go by understanding rather than always giving in to his feelings. Of course, what understanding he had in his glory days is diminished of late.

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NxNW said:

Doesn't support your point.

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Pressure mounts on Biden as tally of Democrats urging withdrawal passes 30

US president reportedly feeling ‘angry and betrayed’ as speculation swirls that announcement could be imminent

www.theguardian.com

FenderTL5 said:

This is the same man who recently said, "“You know, we’ve cut drug prices by 1,200, 1,300, 1,400, 1,500%. I don’t mean 50%, I mean 14 — 1,500%.”
Mathing ain't his thing.

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NxNW said:

And they were correct.

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ozso said:

Then why did he drop out more than half way though his campaign?

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NxNW said:

Why did LBJ decline to run in '68?

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Say it aint so said:

Kind of hard to make the resources more reliable when you enact DOGE cuts that sure fire is going to make data gathering harder and less reliable.

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ozso said:

Actually cutting off the branches of unnecessary wasteful resources, should make data gathering easier and more reliable. Seems likely BLS will operate more efficiently with the Democrat rat's nest cleared away.

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U.S. data quality has been declining for years. Now Trump’s cutbacks are leading economists to question its figures​

Say it aint so said:

Actually not.

Notice of CPI collection reductions

BLS is reducing sample collection in areas across the country. In April, BLS suspended CPI data collection entirely in Lincoln, NE, and Provo, UT. In June, BLS suspended collection entirely in Buffalo, NY. ​

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Collection reduction and suspension affect both the Commodity and Services survey and the Housing survey. These actions have minimal impact on the overall all-items CPI-U and CPI-W indexes. The actions may increase the volatility of subnational or item-specific indexes. The number of imputed items increased in April due to these actions. BLS makes reductions when current resources can no longer support the collection effort. BLS will continue to evaluate survey operations.​

U.S. data quality has been declining for years. Now Trump’s cutbacks are leading economists to question its figures​

A key federal agency is increasingly publishing less accurate inflation data thanks in part to a hiring freeze issued by the Trump administration in January. The Bureau of Labor Statistics, which is part of the Labor Department, is increasingly relying on data collection methods that are less accurate than usual and has stopped tracking inflation figures in three U.S. cities.​

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They complain about accuracy, but take steps to make it worse

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ozso said:

What stands out is that it's been declining for years. So what would make things worse for the previous bad management, isn't necessarily going to make it worse for the new management of the BLS.

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Say it aint so said:

Yes a problem they understood and tapped advisory groups to resolve the problems. They got DOGE'ed.

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Lukaris said:

He may have more reason to be angry since news of more downward revisions that point more to his predecessor. It seems he has inherited a hidden mess.

Donald Trump gets even more bad news on US economy

Analysts expect more jobs data revisions in 2025, after Friday's payrolls report led to the firing of America's chief employment statistician.

www.newsweek.com

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DaisyDay said:

Sure, he has reason to be angry, BUT firing the person in charge for doing her job correctly sends a very loud message to everyone reporting to him: you will be punished for accuracy. What kind of leadership is this? Authoritarian.

The rage and panic he has reason to feel prevent him from fixing the underlying problem; instead, he "fixes" the appearance, giving into rage, concentrating on people around him.

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Say it aint so said:

Actually not.

Notice of CPI collection reductions

BLS is reducing sample collection in areas across the country. In April, BLS suspended CPI data collection entirely in Lincoln, NE, and Provo, UT. In June, BLS suspended collection entirely in Buffalo, NY. ​

​

Collection reduction and suspension affect both the Commodity and Services survey and the Housing survey. These actions have minimal impact on the overall all-items CPI-U and CPI-W indexes. The actions may increase the volatility of subnational or item-specific indexes. The number of imputed items increased in April due to these actions. BLS makes reductions when current resources can no longer support the collection effort. BLS will continue to evaluate survey operations.​

U.S. data quality has been declining for years. Now Trump’s cutbacks are leading economists to question its figures​

A key federal agency is increasingly publishing less accurate inflation data thanks in part to a hiring freeze issued by the Trump administration in January. The Bureau of Labor Statistics, which is part of the Labor Department, is increasingly relying on data collection methods that are less accurate than usual and has stopped tracking inflation figures in three U.S. cities.​

​

They complain about accuracy, but take steps to make it worse

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