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Nanoose

When is a job loss not a job loss?

When it is in the mind of a delusional – egotistical – big old orange baby.

Trump just fired the commissioner of the Bureau of Labor Statistics, whom he accused, without evidence, of manipulating the monthly jobs reports for “political purposes.”.

Cheers and Happy Weekend!

Posted - August 2
Tag : When is a job loss not a job loss?

Responses


  • 4729
    Typical - don't like the message?  Shoot the messenger.
      August 2, 2025 10:44 AM MDT
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  • 10881
    Did someone tell you bad news? 
    Is the truth they're saying making you look bad? 

    Simply do what trump does - fire them!  Then everything will be hunky-dory.
      August 2, 2025 11:53 AM MDT
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  • 11893
    Wonder if he'll find someone who will manipulate the numbers for his own political purposes?
      August 3, 2025 9:35 AM MDT
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  • 4729
    I have absolutely no doubt that he will.
      August 3, 2025 9:47 AM MDT
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  • 17721
    When you fire one and hire two.


      August 3, 2025 12:35 PM MDT
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  • 4729
    Wouldn't that still be a job loss for the one fired?
      August 4, 2025 9:34 AM MDT
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  • 17721
    I'm speaking of calculating the number of lost and gained jobs, not how an individual is affected by the losses and gains in a certain timeframe.  
      August 4, 2025 2:08 PM MDT
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  • 4729
    I see.  Thanks for clarifying.
      August 5, 2025 11:07 AM MDT
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  • 35532
    How many times did the jobs reports have to be corrected or updated?  Too many.    
    That means the person in charge of those reports was not doing their job correctly.  Or they were manipulating them for media/political purposes. 
      August 8, 2025 7:16 PM MDT
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  • 11893
    How many times? Three times has always been standard procedure. 

    The numbers that are first reported are forecasts, and are based off of incomplete data as well as estimates provided by employers. As more employers submit the actual data, the numbers are revised after a month and again after another month. The only way to avoid revisions is to hold off on reporting until all employers submit data. But, business and investors also need timely data so they can make decisions. It's a balancing act and as someone who worked in Corporate financial reporting for decades, I understand the difficulty of how this works. 
      August 8, 2025 8:32 PM MDT
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  • 4729
    I don't now how accurate this is, but I recently read that only about 60% of business are reporting empoyment figures.  If that's the case, there won't ever be an accurate number.  
      August 9, 2025 10:09 AM MDT
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  • 11893
    Think of the numbers as a poll - they are based on a sampling. Not every business reports their numbers. There are over 30M workplaces in the US, so well under 60% are surveyed ( more like 2%). I haven't heard the 60% number, but that could be the number of responses of those sampled that are submitted in time for the preliminary report. I am not a statistician, but I  know there is a science behind polls and jobs reports and that they are assigned a margin of error.
      August 9, 2025 12:54 PM MDT
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