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Wiz Imp

(4,635 posts)
8. These are the kind of meh numbers that are not immediately obviously either honest or dishonest.
Fri Mar 7, 2025, 11:00 AM
Mar 7

For now I'm inclined to think they are probably legit. Federal Government employment did drop by 10,000, but most of the Federal job cuts happened too late to show up in the February data. March data will definitely show a much bigger drop in Federal Government jobs.

Just to be clear, BLS has been producing these data for about 90 years, and there has never been any manipulation of the numbers. The BLS employees involved with these programs have been of the utmost integrity and only the economists and statisticians within the BLS have access to the data prior to the 8:30 AM release on the First Friday of every month. No outside parties have been allowed to see the data prior to its official publication and that includes the President. It is extremely unfortunate that we are now in a position where we can no longer trust that nearly a century of honest data reporting norms will continue to be followed. Having worked on these programs for close to 35 years myself, it will be a very sad and dark day if/when this administration chooses to throw away that century of principles, ethics and morals. Once it is broached, there is no going back.

Recommendations

4 members have recommended this reply (displayed in chronological order):

Gee 🤔 how'd that happen? underpants Mar 7 #1
Talk about a stupidly blind headline... sheesh NotHardly Mar 7 #19
Unexpectedly rose? SheltieLover Mar 7 #2
Exactly what I was about to say! ms liberty Mar 7 #3
The greedy sick billionaires want to normalize the lunatic in the WH so badly....... wolfie001 Mar 7 #5
Oh I don't trust anything they say SheltieLover Mar 7 #6
+33. Phony "expectations" intended to pre-manage our reactions. n/t Harker Mar 7 #11
Yeah, but that doesn't work here. SheltieLover Mar 7 #13
Right! We're not at home to weasels and their words. Harker Mar 7 #16
Definitely not! SheltieLover Mar 7 #17
Well all that firing................... Lovie777 Mar 7 #4
"If he were still president the headline today would be brutal." markodochartaigh Mar 7 #12
"Day one" Klarkashton Mar 7 #7
These are the kind of meh numbers that are not immediately obviously either honest or dishonest. Wiz Imp Mar 7 #8
There are different unemployment metrics though, markodochartaigh Mar 7 #14
So Unexpected North Coast Lawyer Mar 7 #9
Yes...but we're looking for 25% tariffs to really turn things around next month!! Bengus81 Mar 7 #10
Tens of thousands of laid-off government workers markodochartaigh Mar 7 #15
Whose expectations are these? AmericaUnderSiege Mar 7 #18
The survey week for both surveys is usually the week containing the 12th. So this report's survey was done Feb 10-14 progree Mar 7 #20
Gosh, I wondered what happened? NotHardly Mar 7 #21
Latest Discussions»Issue Forums»Economy»The US job market added f...»Reply #8