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Started By
Message
re: Fed Chair Says U.S. May Be Drastically Overstating Jobs Numbers
Posted on 12/11/25 at 10:16 am to Bestbank Tiger
Posted on 12/11/25 at 10:16 am to Bestbank Tiger
quote:
He's juuuuuuuust a little late to the party.
It’s just transitory, bro.
0
Posted on 12/11/25 at 10:19 am to Gifman
quote:
Where was Powell the entire Biden admin? Asleep?
Nope. "In on it."
Posted on 12/11/25 at 10:20 am to ragincajun03
they completely skipped October numbers. It was obvious shenanigans were happening.
Posted on 12/11/25 at 10:22 am to NIH
quote:
Christmas spending is up though
*The value of your money spent on Christmas shopping went down.
Posted on 12/11/25 at 10:29 am to ragincajun03
It’s a pretty shitty tactic and I hate it. But let’s not pretend that this is unique to one specific party.
Posted on 12/11/25 at 10:30 am to RogerTheShrubber
quote:
they completely skipped October numbers. It was obvious shenanigans were happening.
They had just adjusted 2024 numbers downward by nearly 1m, and POTUS has been relentlessly demanding that they cut rates.
Everyone clearly has their own agenda and chooses the data interpretation methods that they want to support it. Trump wants rate cuts and probably wants the committee to see negative economic data behind closed doors to support that. Powell and a couple of committee members clearly want the opposite. And then on top of all of this the data is total shite.
Either way I have little confidence in The Fed right now. They are either politically compromised, using bad data, using good data with too much latency, and reacting slowly to the data they do have.
Posted on 12/11/25 at 10:31 am to dewster
quote:
Either way I have little confidence in The Fed right now. They are either politically compromised, using bad data, using good data with too much latency, and reacting slowly to the data they do have.
I have little trust in any of them, honestly. Fed or Administration.
We get spoonfed what is convenient. But something has to break.
Posted on 12/11/25 at 10:36 am to G2160
quote:
Of course trump is gaming the numbers.
Anyone who thinks that ANY politician with whatever letter beside their name does anything other than game the numbers is a dumbass of the highest caliber.
Posted on 12/11/25 at 10:36 am to TBoy
quote:\
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.
What a desperate jump to conclusions over a 'may be'.
Its just pathetic
Posted on 12/11/25 at 10:38 am to SundayFunday
quote:
What a desperate jump to conclusions over a 'may be'.
Not releasing October numbers was kinda funny.
Posted on 12/11/25 at 10:55 am to RogerTheShrubber
quote:
Not releasing October numbers was kinda funny.
I mean theres plenty of data that shows the jobs numbers
They are not good. The BLS is total.bullshite anyways
But old fossils like yourself cling to it
Posted on 12/11/25 at 10:56 am to TBoy
quote:
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.
Oh yeah, the bitch he fired for fudging the numbers for Biden. I had forgotten about that piece of shite.
Posted on 12/11/25 at 11:16 am to TBoy
quote:
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.
Then why did 900k jobs under Biden get revised down?
The reason she was fired was because every estimate of hers needed a down revision.
A person good at their job would have up revisions and down revisions. Over a period of time the numbers would even out. The person that got fired had a positive bias every time. That's either you suck, or you are manipulating the data.
Posted on 12/11/25 at 11:17 am to RogerTheShrubber
quote:
Not releasing October numbers was kinda funny.
The government was shut down.
Posted on 12/11/25 at 11:19 am to dgnx6
quote:
The government was shut down.
its been open for a month.
Posted on 12/11/25 at 11:19 am to jwalk38
quote:
*The value of your money spent on Christmas shopping went down.
Yes, at a rate of 6.5% per year under Biden.
We are closer to 2.2% for the year under Trump.
You and Roger are welcome.
Posted on 12/11/25 at 11:20 am to RogerTheShrubber
quote:
its been open for a month.
Not in October.
And what are you going to do with october's numbers now?
Posted on 12/11/25 at 11:21 am to dgnx6
quote:
Not in October.
They've had a month to accumulate the numbers.
They have the info.
Posted on 12/11/25 at 1:10 pm to TBoy
Do you know how the unemployment rate is calculated?
Posted on 12/11/25 at 1:17 pm to dgnx6
quote:
why did 900k jobs under Biden get revised down?
Numbers are reported and revised. This happens during all administrations. Yes, even Trump’s first go round. Why does something this dumb have to be a partisan issue?
quote:
Yes, at a rate of 6.5% per year under Biden.
We are closer to 2.2% for the year under Trump.
You know a lot of that inflation under Biden was because of the stimulus Trump sent out right?
Again, all the political parties are to blame. If you keep picking a side and blaming “them” for everything bad and taking credit for everything good, you’re pretty much the problem with American politics at the moment.
As for the rate, I know Trump wants them lowered, but inflation was already on the rise (from 2.8 to 2.9) and this isn’t going to help. Lowering rates might have helped in the old economic system, but you have AI replacing people, businesses having to pay tariffs and part of the population (who were reported in job numbers) being deported. Forgetting politics and from a purely economic stance, lowering rates won’t combat any of that.
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