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EdmondDantes_

(1,440 posts)

14. That's not what Powell said

Fri Dec 12, 2025, 11:29 PM

Dec 12

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.

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Highlight:

"Fed Chair Warns Trump Admin May Be Seriously Exaggerating Jobs Numbers" [View all] moniss Dec 11 OP

Define "seriously exaggerating" gab13by13 Dec 11 #1

As the article notes the numbers are moniss Dec 11 #3

Was it "bald-faced lying" by any chance? jmowreader Dec 12 #10

"Golly and it was only recently that I was attacked about saying the numbers were likely cooked." LudwigPastorius Dec 11 #2

*pretends to be shocked* sakabatou Dec 11 #4

No shit. Solly Mack Dec 11 #5

Huh! Are We Supposed to Get Up on That?!? The Roux Comes First Dec 11 #6

I had the same conversations here with former gov't. statisticians. Buddyzbuddy Dec 12 #7

He seems to be pointing out a systemic issue.... reACTIONary Dec 12 #8

Manipulation can mean the numbers never moniss Dec 12 #9

Nowhere in the (very short) article is.... reACTIONary Dec 12 #11

I'm the one making the statement in a general response moniss Dec 12 #12

Thanks - I've got it. reACTIONary Dec 12 #13

That's not what Powell said EdmondDantes_ Dec 12 #14

The differences between the "normal" moniss Dec 13 #15