I used a different term for my article.

thought to possibly be off by 60,000 per month so instead of a gain of 40,000 it may have been a loss of 20,000. I think it is most extraordinary that Powell would say this in a presser even though he's leaving. Any hard feelings aside between Crumb the 1st and Powell I can't recall in my lifetime a Fed Chair coming right out and publicly call BS on the numbers. We'll see what the reaction is from Wall Street etc. or if they are placated into froth of increased speculation from getting a .25 point rate cut.

Please get us some serious news!!

Way overdue.

Rigor mortis will do.

It went something like, it's not possible to fake the numbers, no how, no way.

Me: anything is possible with this administration. All I ask is for you to imagine the possibilty.

Them: No way possible, I personally know those statisticians, they're good people.

get "corrected" and with this bunch of fascists that lie constantly there is no basis to believe anything from them.

... manipulation mentioned. Powell did not say anything about "manipulation."

answer to someone about how things can be.

This was thoroughly debunked as a Trump administration thing when this was first reported. It's a systemic problem with how the jobs are gained/lost from new/closed businesses.

From the article

In recent years, BLS numbers have overstated job creation, sometimes by hundreds of thousands of jobs a year, resulting in revisions showing less jobs later.

That part about recent years, Biden was president for many of the recent years. Was he also deliberately cooking the books? I'm going to assume people here would say no, and yet if you look at the 3 month revisions on job numbers in 2024, 2023, and 2022, the mean revision was negative.

systemic modeling shortcomings that result in negative revisions later and the current situation under Crumb the 1st involve legitimate doubts about the numbers and fears of influence from political pressure especially since the sacking of the head of BLS when a jobs report got issued that he didn't like. The preferred method of operation for this administration is always to make gross exaggerations, tell lies (even in court cases) and keep anything contradictory suppressed. That's all well documented and so we are hardly in "comparable" operating conditions to any previous Administration.

So although one can say how the model normally has performed but that is under normal circumstances and "normal circumstances" left the building long ago.