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0 sats \ 1 reply \ @brent 16h \ parent \ on: Fed Chair Warns Trump Admin May Be Seriously Exaggerating Jobs Numbers econ
“They allowed”, but then fired the chief of the department. Not exactly a signal for trustworthy reporting.
The negative jobs reports followed the longest yield curve inversion in U.S. history. Such inversions have preceded every recession since the 1960’s. And now inflation is expected to return with a vengeance, given the retarded tariffs, massive overspending, and resuming QE. So it’s looking like the perfect set up for stagflation.
When payroll processor ADP reported that the economy lost nearly 32,000 jobs in November, Secretary of Commerce Howard Lutnick scrambled to blame Democrats and deflect blame from President Trump’s tariffs. Trump himself fired the BLS chief over the summer because he was mad about the negative jobs data the agency produced. It’s not outside of the realm of possibility that Trump would put pressure on the agency to fudge better numbers.
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0 sats \ 0 replies \ @Undisciplined 16h
“They allowed”, but then fired the chief of the department.
I think you're mixing up instances. The first trade report was from USDA, as I recall. That's the one that got all of the text chopped, but left the data unaltered.
I'm not claiming the reporting is trustworthy, just that I doubt they outright fudged the numbers.
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