I say this with all due respect. The reason job reports always have to be revised is because the calculations are based on very minimal information. If you actually walk thru the process of how the numbers are estimated, you quickly realize the level of accuracy desired is impossible to reach quickly. It’s not incompetence. It’s simply math. Think of mm of accuracy on a football field.
I continue to be amazed by people who are obviously educated that get conned by the subterfuge being created by this administration. The reality is really not that complicated.
The administration is pursuing trade policies that have the potential to raise the rates of goods and services for Americans and potentially ignite inflation again, creating a financial disaster. The Fed can’t cut rates until there is clear data that inflation won’t take off again, because that’s the thing about inflation. Once it starts it’s painful to stop it. Do you have no knowledge of what happened in the 1970’s and early 1980’s? I sure do and it wasn’t pleasant.
110% of this problem is on the back of the guy in the Oval Office, but because people fall for his bullshit, they think the blame lies elsewhere. He just fired the BLS guy not because he’s incompetent, but so he can create fake statistics and lie to everyone. Amazingly, people still just don’t get it yet.
With all that said, a cut is coming soon. Why? Because he’s purposely driving the country into the ditch so that he and his billionaire buddies can go buy up assets at reduced prices, using funds that he’s gotten as bribes from countries, pardoned criminals, crypto rubes, and a thousand other schemes.
Of you don’t believe it, just listen to his own words on a Netflix show where he states his desire to have crashes so he can buy cheap.
This country is getting conned like it never has before.