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Poorest US workers hit hardest by slowing wage growth

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Re: Poorest US workers hit hardest by slowing wage growth

#22
post #5
post #3

> The president wants his own people there so that, when we see the numbers, they’re more transparent and more reliable He wants people there to be his version of Minitrue, providing the numbers he wants to see, not the real ones: Reporting unworkers doubleplusun-good, rewrite fullwise upsub antefiling.

Alternatively, he wants someone at the top who will create an organization that does not have to repeatedly restate massively incorrect numbers.

I think you understand how labor statistics work about as well as Trump.

Re: Poorest US workers hit hardest by slowing wage growth

#27
post #14

Earlier quoted context omitted.

The numbers get better as they get more data.

Why not wait to release them until enough data has come in that it's settled? Serious question, what's the downside?

Because the law requires them to release reports on certain dates, so they do so and then make corrections as more data comes in.

Re: Poorest US workers hit hardest by slowing wage growth

#28
post #8
post #3

> The president wants his own people there so that, when we see the numbers, they’re more transparent and more reliable He wants people there to be his version of Minitrue, providing the numbers he wants to see, not the real ones: Reporting unworkers doubleplusun-good, rewrite fullwise upsub antefiling.

[flagged]

It IS THE GOVERNMENT

Re: Poorest US workers hit hardest by slowing wage growth

#29
post #18
post #5

Earlier quoted context omitted.

Alternatively, he wants someone at the top who will create an organization that does not have to repeatedly restate massively incorrect numbers.

Such an organization cannot exist. These agencies are always balancing two opposing forces, timeliness and accuracy. Data collection is inherently delayed (e.g. a lot of it is from surveys that businesses complete at their own speed, or from reports that each state/agency submits on their own timeline.) So collection for a given quarter typically completes long after the quarter is over, and then it takes some time t…

They shouldn’t announce until it’s accurate then?

Re: Poorest US workers hit hardest by slowing wage growth

#30
post #18

Earlier quoted context omitted.

Such an organization cannot exist. These agencies are always balancing two opposing forces, timeliness and accuracy. Data collection is inherently delayed (e.g. a lot of it is from surveys that businesses complete at their own speed, or from reports that each state/agency submits on their own timeline.) So collection for a given quarter typically completes long after the quarter is over, and then it takes some time t…

They shouldn’t announce until it’s accurate then?

Unless they are accurate most of the time, I would agree with this.
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