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U.S. added 911k fewer jobs in year through March than reported earlier

barrons.com

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Re: U.S. added 911k fewer jobs in year through March than reported earlier

#21

Post by add-sub-mul-div »

squegles wrote: post #9
dyauspitr wrote: post #2

[flagged]

How does this comment help the discussion?

It is discussion. Continue with agreement or disagreement as desired. I'm not sure if the meta comment attempting to passive aggressively censor the original comment is needed, though.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#23

Post by thakoppno »

pixelpoet wrote: post #15
codr7 wrote: post #10

Earlier quoted context omitted.

[flagged]

You don't think he's to blame?

The report covers the time period between April 2024 and March 2025.

It seems illogical to me to put the blame entirely on one administration.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#24

Post by dragontamer »

electriclove wrote: post #8
dyauspitr wrote: post #2

[flagged]

[flagged]

The last one fired the BLS head because he didn't like the jobs report?

Now not only are we seeing major job loss, our statisticians are intimidated and likely are no longer reporting the truth. We now have to rely upon shittier metrics because our core numbers are worthless.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#26

Post by deepGem »

What I really fail to understand - how can departments like BLS screw up to this extent. Either they are grossly incompetent or they are intentionally corrupt.

The data covers the period from March 2024 to March 2025 and trims the average monthly jobs gains seen during this period (roughly the last 10 months of Joe Biden's presidency and the first two months of Trump's) from a monthly average of 147,000 to about 71,000.

50% error. This is more or less consistent. How can a department have this error % and still have their job. I understand the data collection mechanism is not the most sophisticated, but even accounting for that, this consistent error % is not to be overlooked.

I wonder why there is such lack of accountability from firms whose data pretty much feeds the world's economy.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#27

Post by gdulli »

logifail wrote: post #22

Q: Hasn't the US monthly jobs figure frequently been revised downwards over recent years, regardless of which administration was in charge? (edit - see for instance Aug 2024: https://seekingalpha.com/news/4142722-why-was-there-such-a-b... )

You're right, I don't think that part is meant to be controversial.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#28

Post by godzillabrennus »

deepGem wrote: post #26

What I really fail to understand - how can departments like BLS screw up to this extent. Either they are grossly incompetent or they are intentionally corrupt. The data covers the period from March 2024 to March 2025 and trims the average monthly jobs gains seen during this period (roughly the last 10 months of Joe Biden's presidency and the first two months of Trump's) from a monthly average of 147,000 to about 71,0…

[flagged]
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