March jobs report: US economy adds 178,000 jobs, unemployment rate falls to 4.3% in surprise turnaround
https://www.yahoo.com/finance/economy/article/march-jobs-report-us-economy-adds-178000-jobs-unemployment-rate-falls-to-43-in-surprise-turnaround-190000531.html
Posted by helic_vet
8 Comments
Are these jobs in the room with us right now?
Seems like we’re getting a lot of “suprises” with the headline jobs numbers these days… and even more “surprises” later when the revisions quietly come in.
Department of Labor numbers? Lmfao. This administration is so full of shit, we can just as reasonably assume they are completely lying as we could take this for kind of accurate. Flip a coin if you want, I’m assuming the lying liars are lying again.
They look made up when you graph the net change over the past few months. They’re moving like clockwork. The previous month, we lose. The following month, we gain.
Total bullshit. That’s not how economics work.
If we’re somehow still treading water with all the tariff nonsense and now this war, can you imagine how robust the economy would be without those major headwinds? Trump just won’t get out of his own way. What an idiot.
Serious question / curiosity – the bulk of these new jobs are in healthcare and specifically what strikes me as “softer” parts of health care, like home health and social assistance (to be clear, these are important fields, I am not looking down at them, just saying they are not as rigidly licensed as say MDs). Wondering, how robust is the tracking / validation / accreditation for these sorts of things? Put in a more skeptical / blunt phrasing – is this an easy segment to “cook”? Are these loose / informal caretaking relationships that are somehow getting formalized?
Folks
There is no direct way that the trump admin is messing with BLS numbers.
Anybody who thinks that has no idea how the data is collected and the numbers are produced.
There isn’t even a trump stooge installed at BLS
You can blame the fact that BLS hasn’t seen any meaningful funding in years and years, and due to the hiring freeze is down about 20% on employee
It does make it a bit harder ti produce when there are fewer hands on deck and a smaller sample size
Are these numbers from the department where they fired their statisticians for political reasons then changed it to a propaganda engine meant to front run engagement with false information and leave accuracy to the revisions, which constantly show that Trump has been worse for jobs than anyone in recent history?
January: huge surprise to the upside
February: huge surprise to the downside
March: huge surprise to the upside
Between the past few months and the massive revisions on previous reports, I’m taking this with a huge grain of salt.
Now, with the jobs report coming in hot and the inflation expectations ticking up, will the Fed raise rates?