Trump’s pick for BLS commissioner suggests suspending the monthly jobs report
I'm sure that will be better. Just don't report the bad news.
The new guy is a zealot from the Heritage Foundation and has no experience doing this kind of thing at all.
The beclowning of the government continues.
Link: https://www.cnn.com/2025/08/12/economy/antoni-bls-mulls-suspending-jobs-report
Replies to: Trump’s pick for BLS commissioner suggests suspending the monthly jobs report
"President" Trump piles the shite on and the Gumps eat the sandwich. Then burp.
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I don't think it's about bad news but bad data.
As I've been saying for 20 years, bad data is worse than no data because you're making decisions on information that is wrong.
We need good data, period.
And the data is off materially a lot. It would be one thing if it were rounding error, but it's not.
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It's never been a secret that the BLS data is not perfect, and those who deal with it seriously
factor in the expected "Adjustments" to get as good a "feel" for trends as possible... better to explain the reality and assumptions than not have any data at all...Flying totally blind is not the solution...
If I told you that the tornado is to the East so go West....
But the tornado was to the West instead, you'd have been better off randomly choosing an escape route.
Come join the discussion whenever you'd like...
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I guess you're just not capable of understanding my point, I accept that.
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Your point was clear and germane to the "discussion".
Flying blind has a better chance of achieving a positive outcome than acting on bad information that drives one towards sure disaster...
Tyrone thrives on bad data, it's just his nature.
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I'm not saying you're not entertaining, but "Through the Looking-Glass...and What Cheeks
Found There" isn't my cup of tea.
And yet a bad monetary policy decision was made by the Fed.
One would think that the Fed would be one of "those who deal with it seriously." The Fed didn't lower rates, citing the jobs report ... but there is now a predicted 96% chance of a rate cut in next meeting, solely because of the corrected data. The BLS basically determined US monetary policy by issuing incorrect data, and the Fed trusted them.
Like cheeks says, bad data is worse than no data.
Attached is a 'Fact Check' that I believe proves you wrong wrt DJT's claims of "Rigging" by the BLS.
...now it's your turn to prove otherwise...
Link: https://abcnews.go.com/Politics/fact-check-trumps-claims-jobless-numbers-rigged/story?id=124353890
I didn't say anything was rigged. I said BLS set monetary policy b/c Fed trusted their bad numbers.
I stated facts.
You and Trump are projecting intent onto those facts.
Rigging isn't required to justify serious changes at the BLS.
The interactions between the Fed and BLS data has been going on for decades...this isn't something
new that they (Fed) don't understand...but for Trump, we wouldn't be having this conversation.
Fact: The Fed would have made a different decision if BLS corrected its data sooner.
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That's not necessarily true...the Fed relies on more data than just the BLS'...specifically, PCE
data, as explained in the attached article. Trump's 'Helter-Skelter' economic actions thus far haven't made it any easier for the Fed to do its job and keep Inflation under control. DJT has himself to blame....IMO, that's a fact.
Link: https://www.scotsmanguide.com/news/the-fed-relies-on-data-to-make-rate-decisions-but-what-if-the-data-is-wrong/#:~:text=It's%20no%20secret%20that%20the,course%20of%20U.S.%20monetary%20policy.
Powell stated it was true in his presser. I think he knows what went into his own decision.
He specifically said he relied on the BLS numbers when evaluating the strength of the economy...before the corrected numbers were issued. That provides a strong implication that if he had the corrected numbers, he might have made a different decision.
I'm not arguing a conspiracy theory. I'm just stating facts. You don't like the facts for some reason I haven't quite figured out (why don't you like these facts?), so you argue against them. I suppose you have a partisan narrative you need to push, and that narrative is threatened somehow by these facts. But, I'm not arguing your narrative. You can lie all you want; I don't really care.
He uses bad data as a club, it's 1984 for this "Democratic Socialist".
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Once it became politicized, it became useless.
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Agree, they need to come up with a better way of collecting the data.
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They can use similar methodologies as other countries.
For example, in Brazil, you send the government basic payroll data with an occupation code and industry code for each employee every month. It is pretty easy to compare the changes over time.
Kind of like the W-2 data employers send to the government annually—just with an occupation code added to each record.