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Wiz Imp

(9,756 posts)

63. "they always were revised down when a Republican was president"

Fri Mar 6, 2026, 12:31 PM

15 hrs ago

Last edited Fri Mar 6, 2026, 01:26 PM - Edit history (1)

Not true. Benchmark revisions are typically related to turning points in the economy. For example Jobs were revised down in 2008-2010 because the bottom fell out of the economy and the survey didn't adequately capture the turn. Likewise, they were revised upwrds after that because the survey was slow to capture the recovery. Jobs have been revised downward significantly each of the past 2 years because the survey failed to adequately capture the slowdown which started under Biden and has cratered since Trump took over.

https://www.congress.gov/crs_external_products/IF/PDF/IF12827/IF12827.2.pdf (see figure 2)

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Catastrophic BLS Jobs Report, US economy loses 92,000 jobs in February, Unemployment rises to 4.4% [View all] Johnny2X2X 19 hrs ago OP

The US LOST 92,000 jobs last month Joe Cool 19 hrs ago #1

Thanks Johnny2X2X 19 hrs ago #2

Title not corrected SCantiGOP 16 hrs ago #59

I was about to post the same thing, you beat me to it. gab13by13 19 hrs ago #3

So, no "cooked books"? Fiendish Thingy 19 hrs ago #15

BLS will not get "shut down". Wiz Imp 18 hrs ago #24

Yes, I meant reports would be blocked Fiendish Thingy 18 hrs ago #26

Correct. Wiz Imp 18 hrs ago #33

In any case, every worker knows if they have a job or not, regardless of what stats are reported Fiendish Thingy 17 hrs ago #37

Yep. Wiz Imp 17 hrs ago #40

And there is also the ADP report IbogaProject 17 hrs ago #55

I think I know what you are directing at me, gab13by13 18 hrs ago #30

Just some good natured ribbing Fiendish Thingy 17 hrs ago #35

Here's what I posted, not as bad as you made it sound, gab13by13 17 hrs ago #48

I don't think even FOX Business channel can spin this report positively Fiendish Thingy 17 hrs ago #54

"they always were revised down when a Republican was president" Wiz Imp 15 hrs ago #63

So I think you can watch for the BLS to be purged now Johnny2X2X 19 hrs ago #4

Yeah but people will catch on gab13by13 19 hrs ago #9

Agree Johnny2X2X 19 hrs ago #17

And catch on quickly. It will be like Pravda back in the Soviet days.... paleotn 16 hrs ago #57

BLS will not be "purged". Wiz Imp 18 hrs ago #31

"BLS isn't a priority of this administration." Maru Kitteh 16 hrs ago #61

The economy was already headed for a recession SamuelTheThird 19 hrs ago #5

Joe Biden added over 300,000 jobs per month on average Johnny2X2X 19 hrs ago #7

Propped up by an AI "build out" that's fictitious in a number of ways. paleotn 16 hrs ago #58

Easy problem to solve! Just stop publishing the report. 3_Limes 19 hrs ago #6

You forgot to add it's all Biden's fault EdmondDantes_ 19 hrs ago #8

Hottest economy on the planet don't ya know. chicoescuela 19 hrs ago #10

Very interested to see how this is covered Johnny2X2X 19 hrs ago #12

Oh, they can and will chicoescuela 11 hrs ago #67

This whole mess goes to Supply Sider nonsense Johnny2X2X 19 hrs ago #11

Yes, Henry Ford understood about demand "driving" the economy. gab13by13 19 hrs ago #13

And it NEVER ends. Dems will try to clean up mess. Clinton, Carter last 2 to balance a budget. 617Blue 19 hrs ago #14

Every Democratic President has had massive messes to clean up from trickle down nonsense Johnny2X2X 19 hrs ago #19

And the famous "Laffer Curve" erronis 17 hrs ago #41

The Sharpie will fix this problem dalton99a 19 hrs ago #16

The billionaires are relying on AI to fix the problem, gab13by13 18 hrs ago #23

AI to fix the problem of them not being trillionaires yet? AI will never in any demented mind create jobs. The sole LiberalArkie 18 hrs ago #34

Exactly, everything is going according to plan. gab13by13 17 hrs ago #36

Those numbers are low Blue Full Moon 19 hrs ago #18

Numbers are still legit Johnny2X2X 18 hrs ago #20

They never quit reporting last year. Wiz Imp 18 hrs ago #21

Internals of this data are even worse, Manufacturing lost 12,000 jobs Johnny2X2X 18 hrs ago #22

Manufacturing jobs are down 98,000 over the year. Wiz Imp 18 hrs ago #28

He lost manufacturing jobs over his full term Johnny2X2X 18 hrs ago #29

Wait for the tourism industry to crater, gab13by13 18 hrs ago #25

Here in Michigan already costing us $billions Johnny2X2X 18 hrs ago #27

Wow, what a surprise Mysterian 18 hrs ago #32

Want to know what really pisses me off? gab13by13 17 hrs ago #38

I don't see it mentioned elsewhere on this thread that in addition to the -92,000 jobs in February, Wiz Imp 17 hrs ago #39

It was included in the original post, but it is worth reiterating. Ol Janx Spirit 17 hrs ago #50

slowing employment plus rising costs? Not much the Fed can do to help?....nt wiggs 17 hrs ago #42

He'll blame the Fed Johnny2X2X 17 hrs ago #44

Yup, as I have posted many times, gab13by13 17 hrs ago #49

Year over year numbers are way down as well OnlinePoker 17 hrs ago #43

Many people are just giving up Johnny2X2X 17 hrs ago #45

I heard someone say, I think it was Chris Hayes, gab13by13 17 hrs ago #52

Must have been some segment Johnny2X2X 15 hrs ago #62

BLS stands for what? Nt LittleGirl 17 hrs ago #46

Bureau of Labor Statistics Johnny2X2X 17 hrs ago #47

Thank you. LittleGirl 17 hrs ago #51

I would bet the real numbers are worst and next months revision will be even larger ! kimbutgar 17 hrs ago #53

That's not a coherent theory EdmondDantes_ 16 hrs ago #56

Do you trust anything from the synophats who put in when piggy kimbutgar 14 hrs ago #64

Nah, numbers are still legit Johnny2X2X 14 hrs ago #65

That's just not true, there are plenty of jobs bucolic_frolic 16 hrs ago #60

MaddowBlog-U.S. economy lost 92,000 jobs in February as Trump-era job market continues to suffer LetMyPeopleVote 13 hrs ago #66

He's continuing the long tradition of Republicans tanking the economy. SamuelAdams 7 hrs ago #68

One Biden day equals one Trmp month in terms of jobs added. 30 TIMES more jobs. eppur_se_muova 4 hrs ago #69