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re: The Bureau of Labor & Statistics has been caught fabricating payroll jobs for Biden.

Posted on 3/29/24 at 1:03 pm to
Posted by Warboo
Enterprise Alabama
Member since Sep 2018
2430 posts
Posted on 3/29/24 at 1:03 pm to
quote:

Is overestimating job numbers as bad as overestimating property values?



This is not a overestimation. They stated data that was fabricating payroll jobs. It was a lie. Huge difference in a estimation data point and stating a data point as being accurate. They have been cooking the books to cover up for poor job growth, inflation, etc..
Posted by UncleFestersLegs
Member since Nov 2010
10973 posts
Posted on 3/29/24 at 4:30 pm to
quote:

This is not a overestimation. They stated data that was fabricating payroll jobs. It was a lie
well now wait. They did go back and lower their numbers for 11 of 12 months in 2023. So its not really a lie if you believED it
Posted by NineLineBind
LA....no, the other one
Member since May 2020
6966 posts
Posted on 3/29/24 at 6:03 pm to
quote:

This is not a overestimation. They stated data that was fabricating payroll jobs. It was a lie. Huge difference in an estimation data point and stating a data point as being accurate. They have been cooking the books to cover up for poor job growth, inflation, etc..

That was pretty much my point. Skewed data was used on purpose in both circumstances. But it’s only a problem if the wrong people do it.
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