Removed by mod
That lack of breadth was wildly apparent in July: Health care and social assistance, which added 73,300 jobs, accounted for the entirety of the month’s overall gains.
“There was a three-legged stool holding up the labor market; we had state and local, leisure and hospitality, and health care and social assistance,” Swonk said. “And now we’re down to one.”
“A one-legged stool is dangerous,” she added
The end of this gravity defying moment brought to you by Wile E. Coyote.
Massive revisions to the last couple of months.
And the person that got these numbers is already fired because how dare she give accurate numbers that are shit?
It’s almost like the revisions render the initial releases completely unreliable. Almost. Yet the market moves as if they mattered.
Those revisions are insane. Probably on purpose because the supporters will only ever see the original.
Not shocked that the previous months were a lie… does that happen often, or ever? They so badly want things to look better than they are and we all know lying is the main tool in faking the appearance.
Revisions have been frequent and standard practice for a very very long time. It has gotten out of control over the last 20 years or so. Under today’s administration, assume everything is a political fabrication like China and Russia.
Information isn’t meant to inform opinion. It’s meant to form opinion.
Revisions are normal but revisions from 145k to 14k are not.
Statistics from the US Government under Trump should be taken with the same pinch of salt as statistics from China, Russia or North Korea.
Pinch? You mean semi truck?
Well, now that Trump has fired the chief of labor statistics behind this report, yes.
LOL, that escalated quickly. I’ve heard some people use the expression of “a hefty spoon full of salt”, but jumping straight to a truck load is pretty intense. Then again, considering the quality you get from Trump, that’s actually entirely justified.
I’m pretty sure I was underestimating, but I couldn’t figure out the salt content of the moon in a reasonable time frame during work hours so
