Almost every time. That’s why I largely ignore the monthlies, and look at the quaterlies after being adjusted.
But it never fails: once a month, this thread type is created; one team then cheers and the other team jeers. And the team positions change, blissfully free of any sense of irony, context, or history.
The President signs congressional bills. Bills impact jobs. The President is part of the reason for job growth and job loss. But OK… he’s just one of the factors.
1-you are the exception that would prove the rule, even among “professional” pundits who should know better, and
2-praise OR blame to the president is largely misplaced.
In just about every case since Biden has been president the numbers have been revised up. Agree with your point that it is silly that we play this game every month here, but it is sort of fun.
With these revisions, employment in February and March combined is 78,000 lower
than previously reported.
With these revisions, employment in March and April combined is 27,000 higher
than previously reported.
With these revisions, employment in April and May combined is 15,000 higher
than previously reported.
With these revisions, employment in May and June combined is 119,000 higher
than previously reported.
With these revisions, employment in June and July combined is 134,000 higher
than previously reported.
With these revisions, employment in July and August combined is 169,000 higher
than previously reported.
With these revisions, employment in August and September combined is 235,000 higher
than previously reported.
With these revisions, employment in September and October combined is 82,000 higher
than previously reported.
With these revisions, employment in October and November combined is 141,000 higher
than previously reported.
I don’t see anyone on the board complaining there aren’t enough jobs. We all pretty much agree there is a labor shortage right? And I’ll even throw the left a bone and say the real problem is low pay, companies not willing to increase it enough to prompt people to re-enter the workforce.
The reason Americans are giving the economy low scores isn’t lack of jobs, it’s inflation.