MAGA - September Jobs Report: 221,000 new jobs and 3.7% Unemployement rate; lowest since 1969
Oct 5, 2018 20:09:03 #
They now have a new way to report the jobs number to make them look less than they really are, but yet maintain the records properly. One word: REVISIONS.
The BLS made a massive revision to the August rate from 201,000 to 270,000. They were only off by 30%. If I was off by that much in my estimates at work, I would be out of a job. The only people who seem to be able to get away with such massive errors are climate "scientists", meteorologists, Nobel prize-winning economists and the BLS.
They also cranked up the number for July by another 18,000. They've been doing this for quite a while now
So, the best way forward is to take the number they provide for the latest month and add the adjustments for the prior months.
221,000 new jobs for September and a 3.7% unemployment rate.
The answer is a resounding NO to the question "am I tired of winning yet?"
The BLS made a massive revision to the August rate from 201,000 to 270,000. They were only off by 30%. If I was off by that much in my estimates at work, I would be out of a job. The only people who seem to be able to get away with such massive errors are climate "scientists", meteorologists, Nobel prize-winning economists and the BLS.
They also cranked up the number for July by another 18,000. They've been doing this for quite a while now
So, the best way forward is to take the number they provide for the latest month and add the adjustments for the prior months.
221,000 new jobs for September and a 3.7% unemployment rate.
The answer is a resounding NO to the question "am I tired of winning yet?"
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