The revisions suggest that the numbers are being fudged in order to force a rate cuts beginning asap. I do not trust any data that is released by this corrupt admin.
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No way, would have been easier for Trump to fire Powell for a drummed up cause than show an employment picture on the verge of collapse.
aug 1, 2025, 12:58 pm • 1 0 • view
They are already doctoring the way CPI is calculated to hide the impact of tariffs. That is a fact.
aug 1, 2025, 3:18 pm • 0 0 • view
Entirely possible. Much different than putting out horrible numbers to force the Fed’s hand.
aug 1, 2025, 3:31 pm • 0 0 • view
The point is that EVERY SINGLE DATA POINT released by the admin is suspect and cannot be trusted. They have an agenda, and are willing to lie thru their teeth to get what they want. You and I are going to have to agree to disagree on this employment data fiasco. Cheers.
aug 1, 2025, 3:35 pm • 0 0 • view
I don't think numbers are being fudged (for now). It's late reports due to all the uncertainty in biz environment. You can't plan when tariffs change every two weeks. If they decide to cook the books they'll create some new BS measure, or stop collecting, claiming cost savings.
aug 1, 2025, 3:33 pm • 1 0 • view
I agree 100%
aug 1, 2025, 12:51 pm • 16 0 • view
Just like the covid deaths being underreported from certain states.
aug 1, 2025, 12:55 pm • 5 0 • view
Those numbers don't tell the whole story. Over 150,000 federal jobs will be gone after September once the delayed resignation period ends. We will likely be in negative job numbers soon. This also doesn't include all the people who are underemployed and have "jobs" but not good paying ones.
aug 1, 2025, 2:03 pm • 3 0 • view