▲ | itsoktocry a day ago | |||||||||||||||||||||||||||||||
Well, it's not even true. Trump did (baselessly?) fire the BLS head, but it was because of revisions that looked convenient for the last administration. | ||||||||||||||||||||||||||||||||
▲ | aDyslecticCrow a day ago | parent | next [-] | |||||||||||||||||||||||||||||||
Statistics done by a statistics bureau was "revised to look bad"? There are thousands of people collecting billions of data-points all accumulated layer by layer into a summary, compared over different sources. But this year they just decided to make up the numbers instead? US labor and economics statistics is famously most reliable in the world, going further back in time than any other statistics source. Its not only used by the government but by banks, companies, and international organisations to predict and analyze economic trends. But surely this year when the numbers looked a bit bad, they made the numbers to intentionally look that way? Simply no. The administration firing the people collection statistics is the real concern. (and its not the first time the administration has removed historical statistics either) (manual revisions are made in statistics to compensate for anomalies. Companies stocking up on product to escape tariffs created a false peak in GDP that does not correspond to real consumption for example. But that's how statistics work, and the US is the gold standard in proper statitics) | ||||||||||||||||||||||||||||||||
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▲ | bryanlarsen a day ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||
Revisions which were regular standard practice. About ~50% of the revisions made the previous administration look good, and about 50% made them look bad. | ||||||||||||||||||||||||||||||||
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▲ | rurp a day ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||
This makes no sense. The initial jobs numbers usually get much more attention than the revised ones, so posted inflated numbers that eventually get revised down helps whoever the current administration is. The recent revisions have gotten unusual attention because of how bad the overall situation is, and from Trump drawing extra attention to them by firing the BLS head and essentially calling for the numbers to be cooked. What does the last administration even have to do with this? Job growth plummeted under the current administration. I get that Trump blames Biden for everything because he always needs a scapegoat, but am shocked that anyone still gives that any weight given that Trump has very publicly and deliberately created the current economic trouble. | ||||||||||||||||||||||||||||||||
▲ | margalabargala a day ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||
I mean, that's what's being complained about. Trump fired a statistician because the numbers reported were politically inconvenient, not because they were incorrect. | ||||||||||||||||||||||||||||||||
▲ | lisbbb a day ago | parent | prev [-] | |||||||||||||||||||||||||||||||
Not baseless--when you're so bad at your job that those huge revisions come in year after year, someone's head should roll. | ||||||||||||||||||||||||||||||||
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