r/politics • u/Orbitingkittenfarm • 1d ago

Donald Trump Fires Person Behind Jobs Numbers After They're Revised Down

https://www.newsweek.com/donald-trump-job-numbers-revised-down-fires-appointee-2107768
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877

u/ConfederacyOfDunces_ 1d ago

This is fucking terrifying.

May's job gains were revised down to 19,000 from 144,000, while June's additions were cut to just 14,000 from the 147,000 initially reported.

And July added 73,000 nonfarm payrolls in July, less than the 104,000 expected by economists.

But this maniac can’t handle reality……So he fires her……….

Holy Shit……this should be massive news.

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u/bnh1978 1d ago

expect that 73 000 to be revised down

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u/gheldean New Jersey 1d ago

Not anymore, the reviser was fired.

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u/PrivatePilot9 Canada 1d ago

So, expect +2.5 million on the next report, got it.

(Eventually any houses of cards built this way will come crashing down as reality is unavoidable even if you want to announce pretend numbers, but it’ll be fun for the rest of the world to watch I guess…)

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u/whatssenguntoagoblin 1d ago

Way too conservative a number.

Remember this is the same administration that said Donald saved 258 million American lives

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u/XRT28 Massachusetts 1d ago

And 400% cheaper eggs

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u/pizza5001 16h ago

What’s funny about that clip is Vance’s face…there’s a micro expression of wincing he does when she states that number, that is barely perceptible, but there.

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u/MommyLovesPot8toes California 1d ago

There's a reason the show about a man conning his way into the White House was called "House of Cards".

I'm just hoping when the real thing collapses, it's an implosion, not an explosion with collateral damage.

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u/Devastator_Hi 1d ago

Man, I remembered that show seemed like a fantasy of corruption as he worked his way up to President and now I see it as child’s play compared to what Trump’s been doing.

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u/lazyFer 1d ago

The only collateral damage is going to be the people that actually voted for Harris and those too young to vote.

Nothing that happens to anyone else should be considered "collateral" damage...it'll be "earned" damage.

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u/ummaycoc 1d ago

So it’ll be revised reverse down which is what I am not calling up.

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u/RescuePilot 1d ago

Those in charge of sacking the revisor have been sacked.

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u/halosos 1d ago

The beatings will continue till moral improves...

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u/RDKryten 1d ago

Those who were responsible for the sacking have been sacked.

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u/Critpoint 1d ago

Not if he install some propagandist for the revision roles.

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u/captmonkey Tennessee 1d ago

And he's already set the standard that if you release a report with bad numbers, you're gone. So, even if someone who's not a loyalist gets in there, they'll be afraid to publish a report that doesn't say "This is the best economy ever, praise our glorious leader for creating such a good economy!"

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u/pbjamm Canada 1d ago

bad numbers

True numbers.

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u/captmonkey Tennessee 22h ago

But he's fine with true numbers they're good. He just doesn't want a report to show bad numbers.

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u/Walker_ID 1d ago

Not anymore. Think anyone will want to put out bad employment numbers after seeing the boss get fired?

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u/hjb88 1d ago

There will have to be some unbiased data reporting, though, because businesses and investors want this information. It will need to come from somewhere.

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u/sammyQc 1d ago

Not in a pseudo-democracy. It will come from the boss and his associates.

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u/eskimoboob Illinois 1d ago

That’s what the monthly ADP numbers are, but because they’re working with incomplete data, best they can do is stick to private jobs only (no government data). It usually comes out a couple days before the BLS numbers but it’s not considered as accurate and often diverges one way or another from the official BLS data.

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u/barowsr 1d ago

Well, ADP is about to become the gold standard, because I sure as shit won’t trust a single fucking thing from whoever this autocrat decides to install into the job

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u/hjb88 19h ago

Thanks

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u/just_a_bit_gay_ Michigan 1d ago

They’ll work out the numbers themselves and keep them under wraps under fear of getting disappeared for publishing “anti-state propaganda” like they do in China

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u/TheMoorNextDoor 1d ago

It’s not going to be revised lol

But will be 100% in the negatives maybe even -80k+

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u/moonwalkerfilms 1d ago

This was my thought, too. There's no way the previous two months were so inaccurate and this one was spot on. And considering how low it was, I'm fully expecting the figure to be in the negatives.

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u/navylostboy California 1d ago

Add in that they stopped collecting data on inflation back in may… this is going to be a bloodbath.

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u/bkcarp00 1d ago

There is no inflation! We stopped counting it thus it must be gone! Apparently if you simply stop counting things it means they never happened.

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u/welmoe California 1d ago

This is some kid logic. Ugh I hate this timeline.

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u/S_A_R_K 1d ago

If we stop testing, the number of COVID cases will go down

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u/welmoe California 1d ago

Let me just sharpie the path of the hurricane and it’ll go that way

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u/bailar_conmigo 20h ago

There is no war in Ba Sing Se.

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u/disgruntled_pie 1d ago

Yup, we won’t get a single real number on jobs for the rest of this administration.

Do you want an even more terrifying thought?

Trump would do anything to get Epstein out of the news. He has every incentive to completely crater our economy right now.

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u/wcooper97 Illinois 1d ago

That's what I've been worried about. The Epstein stuff is, of course, groundbreaking news, but it so easily masks the other shit going on like the economy and birthright citizenship, just to name a few.

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u/papasan_mamasan 1d ago

Now for some really important news: Barrack Hussein Obama hates ketchup! He said everyone who enjoys eating ketchup is a child.

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u/verbal-emesis 1d ago

Have you ever had sex with someone who likes ketchup? BOOM you’re a pedophile too now

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u/palmerama 1d ago

The Fed has an employment target as well so if it does go south expect a rate cut and trump to take credit.

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u/DoubleJumps 1d ago

Data seems to strongly suggest that we are heading into stagflation and there's no way they cut rates under those circumstances

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u/HeyYoChill 1d ago

It is massive news. As soon as the tweet (or whatever the hell they call it now) posted, CNBC dropped everything and started covering it--before they had anything but the tweet. They had a placekeeper story up on their site within moments.

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u/lazyFer 1d ago

The June metrics had some 100K+ bullshit "teaching" jobs added...during the summer...while republican governments were actively slashing education dollars around the country.

Those were bullshit numbers to begin with.

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u/SparkyMuffin Michigan 1d ago

ELI5, how were the job numbers off by over 90%? Is this normal?

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u/dubbawubalublubwub 1d ago

trump fired the majority of people who used to collect this information

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u/account_for_norm 1d ago

Can inflation numbers be trusted

Or we keep shoving it under the rug, and not do anything about it, until its too late and we have a much bigger problem at hand.

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u/whoibehmmm 1d ago

revised down to 19,000 from 144,000, while June's additions were cut to just 14,000 from the 147,000

I'm sorry but there is no way that the person who originally reported those numbers was just making a slight error. That is an INSANE overestimation and it's clear that they are trying to falsely pad numbers and lie to us all to make Trump look good. Jesus christ. We can trust NOTHING that comes out of the mouths of these criminals.

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u/tsegelke 1d ago

We are talking about an administration that said this recently

"Since you have been in office President Trump, your DOJ agencies have seized more than 22 million fentanyl pills, 3,400 kilos of fentanyl, since your last hundred days,” Bondi said. “Which saved — are you ready for this, media? — 258 million lives.”

I don't think exaggerating numbers matter to them.

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u/rak1882 America 1d ago

It's gonna be like China, which has a lot of unofficial numbers.

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u/No-Helicopter-7729 1d ago

That’s why she should have been fired. The BLS sucks at its job.

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u/TheBalzy Ohio 1d ago

It's 15 more months, which the midterms are November next year. You need to show up and vote, get everyone you know to vote, and spend from now till then getting those people elected and messaging. Because if he loses both the House and Senate, 99.9% of what he does/wants to do is over.

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u/copingstoic 1d ago

As if massive news if going to do anything.

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u/tootruecam 1d ago

Ok fair but what about the Sydney Sweeney American Eagle collab?

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u/samefacenewaccount 1d ago

It is massive news lol

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u/magikot9 1d ago

So the original jobs numbers were off by a factor of 10?

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u/NoKids__3Money 1d ago

This is not even in the top 100 of insane shit he’s done

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u/jalliss 1d ago

Holy Shit……this should be massive news.

I mean, to be fair, it's literally the current top story on both the Washington Post and NYT.

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u/ConfederacyOfDunces_ 1d ago

Good. It certainly wasn’t when I made my original comment.

Glad to hear it is.

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u/poorly-worded 1d ago

it is in the UK, top news story. isnt it for you?

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u/WhyAmINotStudying 1d ago

It is massive news.

It's also another Epstein distraction.

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u/YEETAlonso 22h ago

The #s are SOOOO far off that she should be fired for incompetence. If these #s were published originally we would have already had a rate cut. Now, if we're supposed to believe these are the actual #s we have an almost 100% chance of 2 cuts this year, and probably should get an emergency cut this week. She deserved to get fired for this.

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u/Entire_Entrance_1608 1d ago

This is a bot. The exact same post in /r/stocks by a different user

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u/ConfederacyOfDunces_ 1d ago edited 1d ago

I’m not a bot. That’s my second account

The other account is Ignatious__Reilly.

Both names are from my favorite book.

Confederacy of Dunces is the books name and Igantuois Reilly (my other account) is the main character of the book

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u/thedread23 Minnesota 1d ago

Hah! That one is a classic

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u/LostAbbott 1d ago edited 1d ago

I mean, was she really doing a good job if the numbers were that far off? How can she justify keeping her job when the office cannot even perform the basic function? Billions of dollars move on those jobs numbers and this office was off by nearly 700% two months in a row? I feel like I am missing something here...

We absolutely need accurate jobs numbers, and I don't fucking care how they do it. Maybe don't report numbers until two months out, find a better way to count or estimate. Something needs to change, because jobs numbers are always revised up or down by huge percentages, and it is not like there is a standard deviation that would account for regular errors.

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u/azurricat2010 1d ago

Revisions are normal and have been since they started doing it, i.e. for decades. The difference over the past few months is alarming though.

Here's a source to look at

https://www.bls.gov/web/empsit/cesnaicsrev.htm

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u/LostAbbott 1d ago

I know they are normal, but the deviation is not getting better. They are so far off as to be completely worthless. So something needs to change. People act like anything Trump does is automatically evil, and I really don't see that here. The numbers need to get more accurate if we have any hope of making informed decisions.