re: Fed Chair Says U.S. May Be Drastically Overstating Jobs Numbers

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Is that why they had a downward revision of over 900k?

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I mean…I did say in the right after the part of my post you quoted:

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but as was pointed out here already, they got revised down.

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So not sure your question…but hey…carry on.

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That's why Trump fired the independent analysts that compiled the data. This way we only get the numbers Trump wishes existed, and even those numbers are bad.

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Of course. That's why...

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leaving the agency in the hands of a nonpartisan career official who is serving as its acting leader.

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Unemployment is at 4% which pretty good. This is just a political narrative over job creation trying to get a headline.

Trump may in fact be interpreting the stats so that they are favorable to his admin. But, inasmuch as Powell isn’t a Trump ally, could it be that Powell is also trying to create the narrative he wants that’s favorable to his actions? He’s been controversial for a while now, so he isn’t just some neutral observer watching from the side.

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could it be that Powell is also trying to create the narrative he wants that’s favorable to his actions? He’s been controversial for a while now, so he isn’t just some neutral observer watching from the side.

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I think Powell is definitely trying a political play here with this. Either:

1- Pointing out this has been going on a while, to appear to be agreeing with the theory “Trump had to at least try to do SOMETHING about the incorrect reports”, in order get back into Trump’s good graces, or

2- Trying to plant a narrative that the Trump Administration has interjected itself into the reports and is boosting the numbers

Either way, I don’t think for a second Powell is finally coming out now with these “concerns” out of a goodness of his heart and wanting to be a reformer.

Now they report about bad job numbers.

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I don't think it's very productive to get into the finger pointing and partisan politics of it but it's kinda silly to pretend that everything is awesome when it isn't

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Of course you don’t want to get into finger pointing, you leftist twat. This started under your boy Obama and has been a problem since

The Fed adjusted the 2024 hiring numbers downward by 911,000 back in September 2025. That's no rounding error. That's incredibly bad data that the Fed is using to make decisions.

I don't trust the data.

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Is that why they had a downward revision of over 900k? Bang up job.

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Exactly. In 2024, there were nearly 1m fewer jobs created than reported. There is a serious data problem.

Rich that it's coming from Mr Transitory, who has been late to respond to every bit of the economic data that clearly has latency issues anyways. The data is late, but that doesn't change the fact that Powell also reacts late and nonsensical to the data that he does have. He's the wrong guy. It's been obvious that he's the wrong guy since at least 2022.