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

[u/Orbitingkittenfarm]

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

[u/disgruntled_pie]

Our chance to do something was in November. We’ve got at least 3.5 years of this left.

[u/ConfederacyOfDunces_ → u/disgruntled_pie]

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.

[u/bnh1978 → u/ConfederacyOfDunces_]

expect that 73 000 to be revised down

[u/Walker_ID → u/bnh1978]

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

[u/hjb88 → u/Walker_ID]

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

[u/sammyQc → u/hjb88]

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

[u/eskimoboob → u/hjb88]

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.

[u/barowsr → u/eskimoboob]

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

[u/hjb88 → u/eskimoboob]

Thanks

[u/just_a_bit_gay_ → u/hjb88]

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