How to start a war

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The highly partisan Democrat woman in charge of labor statistics broke the inaccuracy record twice and it had to be corrected, both times in favor of the Dems. She NEEDED to be fired.

 

Erika McEntarfer, even her name sounds incompetent! LOL!

• Last year, BLS revised down the benchmark payroll growth for the year ending in March 2024 by 818,000 jobs — the second-largest benchmark revision on record.
  • The Daily Caller: “Including monthly revisions, the Biden administration overstated the number of jobs in the U.S. economy by 1.18 million in the year through March, accounting for approximately 36% of the 3.24 million jobs initially claimed, according to data from the BLS calculated by the Daily Caller News Foundation”
• In July 2024, BLS revised jobs added in May of that year down by 54,000 jobs, and the jobs added in April down by 57,000 jobs.
• In April 2024, BLS revised the jobs added in February of that year down — then further revised the number down the following month.
• In February 2024, BLS revised the jobs added in December of the prior year down by 43,000 jobs and the jobs added in January of that year down by 124,000 jobs.
• Bloomberg, 11/15/24: “Two key Senate Republicans excoriated the US government statistics agency responsible for monthly employment reports, saying recent large-scale revisions to initial figures show its ‘continued failures’ in producing crucial economic data … A preliminary annual revision to the jobs data, made in August, suggested job growth in the 12 months through March will be marked down by more than 800,000 — the largest downward revision since 2009 — making waves in financial markets and on Capitol Hill. The final data is due early next year.”
• Bloomberg, 6/6/24: “Data published Wednesday by the Bureau of Labor Statistics suggest payrolls might have grown about 60,000 less per month on average last year than the roughly 250,000 run-rate derived from the agency’s monthly employment report.”
• The Heritage Foundation, 5/3/2024: “The BLS provides monthly estimates for the number of nonfarm payrolls across the country through a survey of over 600,000 businesses. According to that data, payrolls increased by 640,000 in the third quarter of last year … But now, the BLS has published its Business Employment Dynamics, or BED, report from that same period, and it shows a drop in private payrolls of 192,000. That’s a mammoth difference of 832,000 for the months of July, August and September.”

 

There are more than a couple of those miscreants still running around being chased down

DOJ set to probe Fed Governor Lisa Cook over alleged mortgage fraud: report

"The Department of Justice has reportedly opened an investigation into Federal Reserve Governor Lisa Cook over alleged mortgage fraud, just one day after President Trump urged the Biden appointee to resign.

The former journalist alleged that Cook “falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statute.”

He said Cook had designated a condo in Atlanta as her primary residence after taking a loan on her home in Michigan, which she also declared as a primary residence."

Trump calls on Federal Reserve official to resign after ally accuses her of mortgage fraud | PBS News

 

shouldn't she get more consideration than an accusation, or is that how the trunk constitution works?

 

N.Y. Appeals Court Throws Out $500 Million Civil Fraud Penalty Against Trump
"Letitia James (New York Attorney General) sued Trump in September 2022, alleging “incredible fraud”

Letitia James Under Formal FBI Probe Over Alleged Mortgage Fraud: Report - Newsweek

Letitia James’s Legal Problems Mount With New Ethics Complaint - Laura Ingraham

Exposing a Decade of Letitia James' Financial Misreporting - White Collar Fraud

 

But they're 'non-partisan'....riiiight?

This has been going on for a while now.
I remember Obama numbers being 'massaged' for the headlines and then being revised later....in a 'below the fold' mench.
The same thing happened to Obama's successor only with a polarity shift.
If the BLM statistics are 'vital' then they should be accurate.
If not?
Then they should be kicked to the right by a few months when, in the fullness of time, they are more accurate.

It's amazing sometimes how the "trust the $cience and data" people always defend the status quo.

What happened to intellectual curiosity?

 

The jobs number published by the BLS comes from voluntary surveys filled out by businesses. Revisions are simply the result of the BLS receiving surveys after the initial publish date.

"But response rates are down for the payroll surveys, from 60% in January 2020 to under 50% since May 2021. The response rate for March employment data, the most recent available, was 43%.
It is not uncommon for preliminary estimates to be revised in the final revision within a wide range, usually increasing or decreasing by up to 100,000 jobs.
Despite challenges from declining response rates and smaller BLS budgets, the average revision from preliminary to final since 2023 is a relatively modest reduction of 32,000 jobs."
How and why the Bureau of Labor Statistics revises job numbers

 

It is falling into the divide and conquer strategy, the real battle is not a left and right issue so much as it is a class struggle between the $Billionaires and the working class. I mean what's with the monopolies, what happened to trust busting? What's with all the corporate and media consolidation? and the ultra rich that don't pay any taxes and have two tiers of justice? How is it that the central banks can just make money out of thin air, and what are derivatives except more scamming? And what is a credit card with a 27% interest rate, wasn't that considered loan sharking at some point?
Occupy Wall Street was a real grass roots protest, it was violently crushed by Obama and suddenly in chorus the corporate media stories about racism and gender issues increased 10 fold overnight. And here we are arguing about the cosmetic differences between the 2 sides of the duopoly party when they are all owned by the same bankers and global corporatists.

 

and you think trunk is going to fix it?