yes, it's all very confusing about which person is individually responsible for which thing.

i don't really wish to add to the confusion, but in the threads about this so far, literally no one has mentioned something in this very same report that's pretty fricking massive.

i refer to the revision of the 2018-2019 numbers, which at the endpoint of the rebenchmarking were revised down from 2.5 million for that year to 2.0 million. that's a downward revision of twenty fricking percent to the numbers ending in q1 2019.

to reiterate, job growth in the first 3-4 quarters following the tax cut & trade war just got revised down by half a million.

not sure who to blame this on though.

eta: here's the split between y/y payrolls growth from last month's pre-revision numbers (green), and this month's post-revision (red)

This post was edited on 2/7/20 at 8:24 am

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Posted by Turbeauxdog

Member since Aug 2004

23514 posts

Posted on 2/7/20 at 8:22 am to 90proofprofessional

quote:
not sure who to blame this on though.

Shitty economists?

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Posted by NC_Tigah

Member since Sep 2003

125530 posts

Posted on 2/7/20 at 9:48 am to 90proofprofessional

quote:
to reiterate, job growth in the first 3-4 quarters following the tax cut & trade war just got revised down by half a million.

IOW those lowered 2018-19 employment figures show wage growth was a lot stronger, and job growth numbers in 2019-20 better than previously thought? Right?

This post was edited on 2/7/20 at 10:11 am

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Posted by Bass Tiger

Member since Oct 2014

48376 posts

Posted on 2/7/20 at 11:32 am to 90proofprofessional

quote:
quote: when the next recession hits, which is inevitable, will that be Obama's to claim as well yes, it's all very confusing about which person is individually responsible for which thing. i don't really wish to add to the confusion, but in the threads about this so far, literally no one has mentioned something in this very same report that's pretty fricking massive. i refer to the revision of the 2018-2019 numbers, which at the endpoint of the rebenchmarking were revised down from 2.5 million for that year to 2.0 million. that's a downward revision of twenty fricking percent to the numbers ending in q1 2019. to reiterate, job growth in the first 3-4 quarters following the tax cut & trade war just got revised down by half a million. not sure who to blame this on though. eta: here's the split between y/y payrolls growth from last month's pre-revision numbers (green), and this month's post-revision (red)

You never disappoint......100ProofFraud......you're that dude in the corner at the kick arse party.