Employment stats in USA are a FUCKING FAKE \ stacker news ~bitcoin

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Employment stats in USA are a FUCKING FAKE

181 sats \ 14 comments \ @fierillo 3 Feb 2023 bitcoin

Its a bit worrying that ADP (Private) employment is very bearish but State stats are very bullish

Someone is lying

20 sats \ 11 replies \ @siggy47 3 Feb 2023

I never trust government stats, but this morning's payroll numbers are confusing. They make no sense, they contradict ADP, and they make it difficult for Powell to pivot. The powers that be in the US want a pause. That's why they redefined the rules on CPI again.

Never underestimate government incompetence.

0 sats \ 9 replies \ @fierillo OP 3 Feb 2023

they redefined CPI again? you have a source?

6 sats \ 3 replies \ @siggy47 3 Feb 2023

I didn't choose my words carefully. This year they are calculing the increase based on last year's rate, when previously they used the prior two years. Hence, they benefit from last year's high rate.