No more jobs reports

So PJ doesn't believe the largest monthly revisions in 50 years are a problem.  He doesn't think the Fed looks at those monthly numbers, even though employment is one of its only two objectives.  He doesn't think the unprecedented 800,000 downward revision for 2024 is an issue.  He doesn't see that these reports have been getting far worse for 3 years. 

This is an issue with models or methodology or assumptions that need to change, and the bureaucrats haven't changed the process.... because 'It's the same system we've had for 40 years and it always used to work ' A lot of stuff worked 40 years ago that doesn't work very well today.  And of course, we'd be far better off without publishing grossly inaccurate monthly reports just to revise them by 90% a month later. What good does an employment report off by 90% do anyone?  It does more harm than good.  We'd be far better off just using the ADP numbers now.

And until they fix their methods, they need to stop this bullshit monthly report and just publish a far more accurate Quarterly report that already has the first 2 months' revisions.  Or publish the more accurate Monthly 60 days after the month-end.  You'd have to be stupid to want grossly inaccurate reports published just because it's the way it's been done for 40 years.  Oh wait.  Maybe I'm on to something.

Well lets see....do I trust the system we've had for 50 years?  Or do I think the guy who claims he won the 2020 election by 6 million votes should come up with some new system next month with some election denier  he put in place without any vetting by Congress?

Gee.  Im afraid my IQ isnt low enough to go with Option 2.     Charles can speak for himself.

The beautiful thing here is people like Chares and Tom were waiving their pom-poms for DOGE to get rid of those "lazy government workers who dont do anything".    Now in the aftermath they are upset the agencies they were cheering to cut dont seem to be getting the numbers accurate.   Thats a special kind of stupid on their part.    Almost as stupid as thinking removing those workers' salaries would make an impact on the deficit.

If PJ's team filed a report that was wrong by 90% and needed the largest revision in 50 years, do you think he'd still have a job?  You think if your car blew up and caught fire twice in the last two months, you'd be dumb enough to claim "Well, it started just fine for the last 50 years, I think I'll stick with what used to work".  Some people are that dumb.  Although I don't think they really believe it.  They just think saying it will hurt Trump somehow.  

Of course, now we get the standard comeback, "The numbers are wrong because Trump cut the headcount".  Gee.  It takes a special kind of hypocrisy to claim it's all normal out of one side of PJs mouth and out of the other claim the numbers are all fucked up because some bureaucrats were riffed.   What about the massive 800,000 downward employee revision they had to make for 2024?  I guess that was Trump's fault too.  These reports have actually been suspect for the last 3 years.  But it's Trump's fault.   You can't make this shit up.  Well I guess PJ can.  

The old Commissioner's team produced the most inaccurate monthly employment reports in 50 years.   Then she issued the revisions with no detailed notes or commentary that explained why they were so wrong. She deserved to be fired.  I'm fine with getting a new Senate-confirmed BLS chief who's willing to stop producing horribly inaccurate work product because Goober says, "Well, that's the way we've done it for 50 years".  Fix the system.  Don't just live with trash because it was clean 50 years ago.  What stupidity.

Im not the one in the straight jacket crying about the Deep State boogeyman in the government.    Thats you and the guy you voted for.   Lets be clear - Trump isnt claiming incompetence - he's crying "rigged" like he did with the election.    Charles sugar coating his words doesnt change that fact.

 And   I didnt cheer on DOGE to sabotage the government workforce only to cry about how that workfroce suddenly didnt perform as well.   Thats your comical paradox based upon your chosen ideology.    You have to sleep in the bed you shit in, Charles.

I dont really fault the BLS for getting the inital numbers wrong.  The numbers are collected by surveys from companys about what they are doing with their workforce.   I dont know if you were in a coma the last few months but our president farts out a new tariff and trade war on a daily basis.   So maybe that caused some confusion in the private sector HR departments.   Food for thought for people who dont believe in the government boogeymen who "rig" the numbers.

Well, PJ, you have to realize that stupid angry Charles (and MAGA in general) has to keep pivoting and stumbling and tripping over his own feet to "justify" his orange master's actions and continue to say that he's a stable genius who never makes a mistake.

That makes him look like an utter fool on a regular basis. The reality is that there's no sane justification for the Turd's actions.

That why Charles is always so defensive and angry. He feels at least a small measure of guilt for licking the boots of a rapist, pedo, crook, con man, felon, and traitor.

But pretty soon, the Kool-aid will take full effect,, and SAC will be nothing more than just another slack-jawed Trumper.

Fun watching Charles own you guys and seeing the TDS response.  Entertainment at its best.

Trump owned himself. His economic policies started a recession but rather deal with that and make a adjustments to his policies like every other President would he decides the way to fix the problem he created is to not publish the numbers that show how bad things are. 

 You really are an idiot.

Own really? 

Charles got owned with his own words referring to the jobs report as the gold standard.