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More Than 800,000 U.S. Job Gains Have Been Revised Away — the Labor Market Is Much Weaker Than Originally Thought
Post Reply RetroFed Forums Forum Index » United States | News & Politics
AuthorMessage
☆ Yσɠƚԋσʂ ☆ lemmy.ml yogthos@lemmy.ml
Joined: 2020-01-18
Quote

Link: https://finance.yahoo.com/economy/articles/more-800-000-u-job-152147725.html
23   Original
LocalAreaMan lemmy.ml LocalAreaMan@lemmy.ml
Joined: 2026-10-13
#2 · (edited) Quote Reply

Wile E Coyote Effect
4
Malica lemmy.zip Malica@lemmy.zip
Joined: 2026-08-27
#3 · Quote Reply

Remember when he fired the guy that wouldn't fix numbers for him? Numbers were inaccurate from then on.
11
freagle lemmy.ml frisbird@lemmy.ml
Joined: 2025-11-24
#4 · Quote Reply
Malica wrote:
Remember when he fired the guy that wouldn't fix numbers for him? Numbers were inaccurate from then on.

The numbers have been inaccurate for years across every administration. The annual job numbers always have a revision in October. Some years those revisions are so bad that it means everyone was operating on wildly inaccurate data for an entire year. And it's worse during economic downturns. Revisions like this happened under Biden, in fact the 2024 revision was about equal with a revision down of about 815k jobs.
9
Malica lemmy.zip Malica@lemmy.zip
Joined: 2026-08-27
#5 · Quote Reply
freagle wrote:
The numbers have been inaccurate for years across every administration. The annual job numbers always have a revision in October. Some years those revisions are so bad that it means everyone was operating on wildly inaccurate data for an entire year. And it's worse during economic downturns. Revisions like this happened under Biden, in fact the 2024 revision was about equal with a revision down...

I didn't know that, thanks for telling me.
7
djsoren19 lemmy.blahaj.zone djsoren19@lemmy.blahaj.zone
Joined: 2025-01-13
#6 · Quote Reply

At this point, if you're trusting any data coming from the U.S. federal govt, that's on you. They've been making shit up so brazenly for long enough that you should always assume they're lying.
4
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