▲ | aDyslecticCrow a day ago | |||||||
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) | ||||||||
▲ | itsoktocry a day ago | parent [-] | |||||||
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