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re: January Jobs numbers - WTF?
Posted on 2/5/24 at 6:51 am to slackster
Posted on 2/5/24 at 6:51 am to slackster
quote:
How far off do you think they are? Cumulative ADP is within 10% of BLS numbers since Biden took office.
The city and county numbers are extremely accurate. We had a pretty localized hurricane event back in 2018 and the reflective change the BLS reported was pretty much exact to what we were seeing through survey reporting. It took 16 months for the local job market to recover and then we saw almost an exact disruption from Covid.
The people who think that Biden calls the BLS and tells them what to report are insane. At this point it’s just easier to call anything that doesn’t help their political narrative as fake.
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