July Jobs Report: + 73,000 (less than expected)

I remind people:

  1. Under Joe Biden the numbers were frequently revised downward, (just like now) and at that time the allegation was “Revising downward helps the sitting president. The BLS releases the good new first and sneaks out the bad news later.”

  2. The Fed reads this report and takes it very seriously If today’s report, revisions included, shows a weak jobs picture that makes them more likely to cut rates, which Donald Trump has been asking for.

ROFL

That’s a good topic for another thread another time.

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I know people hate when libs say stuff like, “This is what dictators do.”

What do y’all call firing people who report numbers you don’t like? Just sayin’.

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everything-is-fine-all-ok

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And now she is fired…

Wow

Trump will replace her with a stooge and the next jobs report will be very believable.

Everyone that Trump fires becomes the lib hero of the day. :rofl:

Someone needs to get in there that will put out numbers that love America.

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I wonder, could this be related?

She did not give a reason for her departure.
Her term ends in January anyway.

Oh we’re already there. We just fired the person I charge of both sets of numbers

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Kinda blows my mind that Trump supporters will blow this off as normal.

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Consider it a litmus test.

It’s another chance for conservatives to find their backbone. Spoilers … they won’t.

what a joke.

Trump calls today’s bad jobs report “rigged” and says, “I’ll think you’ll see some very interesting information come out. You have to have honest reports.”

REPORTER: Why did you fire the head of the bureau of labor statistics?

TRUMP: Because I thought her numbers were wrong

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We’re in the dumbest timeline.

Reporter: Going forward, why should anyone trust the numbers?

Trump: You’re right. Why should anyone trust numbers

This is like N Korea level ■■■■ . Present dear leader with data he likes or get fired.

REPORTER: If any government officials presents information or data you don’t like, should they fear for their jobs?

TRUMP: I’ve always had a problem with these numbers. We need people we can trust.

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“I talked to the president prior to this, and he said to quote them very clearly. They may have been phony in the past, but it’s very real now,” Spicer replied, prompting laughter from reporters in the room.

https://www.rawstory.com/2017/03/sean-spicer-admitted-trump-lied-about-phony-job-numbers-and-reporters-laughed-it-off-now-people-are-furious/

Time is a flat circle etc.

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Well the good news for Donald Trump is that the total number of jobs has grown only 0.3% since Jan 1 there is a reasonable chance the Fed will cut rates at the September meeting.
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(No I do not think Trump was right to fire Dr. Erika McEntarfer.)

I think I’m the end he’ll regret getting that rate cut

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I am still of the mindset that we need to flush the misallocation out of the economy. (Rates should be higher for longer.) In fact I routinely call out Jerome Powell and the current FOMC for being too dovish.