If the BLS was using bad multipliers, leading to big revisions (and recent history sugests they are,) then she should be given the order to get a better multiplier.
I have no evidence that BLS’s final numbers (after revisions) were in anyway wrong.
There are three major surveys, two by BLS and one by ADP and they mirror each other pretty well.
I’m not saying they were wrong. This isn’t the first time the number were off. A lot of business people rely on those numbers. Something has to be done.
Trump is not the only one that wants the correct numbers the first time. He is right to be upset.
Data for the report is gathered via survey. When the report is released, BLS has not yet received all of the survey responses. Over the next couple months, more responses come in, and the data is adjusted accordingly. Maybe Trump doesn’t know how it works.
Based on Grok data, BLS could simple subtract 50,000 jobs from each month’s report and be closer to the truth (final answer) once the revisions are done.
In regards to BLS what I take from it is in times of economic flux, Covid/Post-Covid/Tariffs the incoming prospective data is too fuzzy to make accurate reports that align with the hard data that comes from the states months later. Guess the question is can be done about it. Firing isn’t going to change anything its the same incoming data.
Well once we factor in the downward revisons,
it turns out the economy ahs gone 25 consecutive months
with less than 1% growth in private sector jobs.
This never happens without a recession being declared.
Odds are, NBER is going to declare a (r)ecession began early in the Trump administration. (@SixFoot )
In July, the U.S. economy added 73,000 jobs, a figure lower than economists’ expectations. The Labor Department also announced downward revisions to job gains in May and June, totaling 258,000 fewer jobs added in those months than previously reported. AI
As I said before, she should have been fired and replaced. She is a Biden hire.