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> It's entirely possible that these goons will start fiddling with official statistics around things like unemployment and inflation to tell us that inflation i
by pton_xd 2y ago
> It's entirely possible that these goons will start fiddling with official statistics around things like unemployment and inflation to tell us that inflation is not actually happening any more and that therefore we must cut interest rates, or some such.
Like when the BLS overstated payrolls by 818k!! in March of last year, the largest negative revision in 15 years? And then the Fed did an emergency 50bps rate cut in September just as payrolls unexpectedly went up 250k and inflation seems to be coming back.
The unemployment and inflation data has been inconsistent for a while now.
- johnnyanmac 2y agohttps://www.cnbc.com/2025/02/04/job-openings-decline-sharply-in-december-to-7point6-million-below-forecast.html https://www.cnbc.com/2025/02/04/job-openings-decline-sharply... https://www.bls.gov/news.release/jolts.nr0.htm https://www.bls.gov/news.release/jolts.nr0.htm Still happening. We sure have been suddenly wild unaccirate with the job market while the Feds need to keep saying "everything is fine but...".
- relaxing 2y ago> Like when the BLS overstated payrolls by 818k!! So one Meta SRE? Is this supposed to be a lot?
- dmoy 2y ago818k jobs, not 818k USD https://www.bls.gov/ces/notices/2024/2024-preliminary-benchmark-revision.htm https://www.bls.gov/ces/notices/2024/2024-preliminary-benchm... They're usually within +/- 0.1% for the estimate, that time it was 0.5% off