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Author Topic: BLS Job Revisions Show Every Job Report In 2021 Was Total Garbage  (Read 618 times)

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Offline Hoodat

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BLS Job Revisions Show Every Job Report In 2021 Was Total Garbage
« on: February 06, 2022, 09:52:01 pm »
BLS Job Revisions Show Every Job Report In 2021 Was Total Garbage

TYLER DURDEN  |  FEB 06, 2022  |  11:00 AM



Along with its monthly jobs report the BLS produced annual revisions, emphasis mine.

Effective with data for January 2022, updated population estimates were incorporated into the household survey.

In accordance with usual practice, BLS will not revise the official household survey estimates for December 2021 and earlier months.

The adjustments increased the estimated size of the civilian noninstitutional population in December by 973,000, the civilian labor force by 1,530,000, employment by 1,471,000, and unemployment by 59,000. The number of persons not in the labor force decreased by 557,000. Although the total unemployment rate was unaffected, the employment-population ratio and labor force participation rate were each increased by 0.3 percentage point. This was mostly due to an increase in the size of the population in age groups that participate in the labor force at high rates (those ages 35 to 64) and a large decrease in the size of the population age 65 and older, which participates at a low rate.

Data users are cautioned that these annual population adjustments can affect the comparability of household data series over time. Additional information on the population adjustments and their effect on national labor force estimates is available at www.bls.gov/web/empsit/cps-pop-control-adjustments.pdf.

https://www.zerohedge.com/economics/bls-job-revisions-show-every-job-report-2021-was-total-garbage



They underreported job gains in the first four months (Trump lag) of the coup takeover, and then grossly overreported for the next 6.  Not only that, they went back and changed Trump's numbers all the way back to 2017.


https://twitter.com/MishGEA/status/1489698492247273472
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

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Offline Kamaji

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Re: BLS Job Revisions Show Every Job Report In 2021 Was Total Garbage
« Reply #1 on: February 07, 2022, 09:29:45 am »
Sorry for being obtuse, but what's the punch line here?
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Offline Hoodat

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Re: BLS Job Revisions Show Every Job Report In 2021 Was Total Garbage
« Reply #2 on: February 07, 2022, 10:13:59 am »
Quote from: Kamaji on February 07, 2022, 09:29:45 am
Sorry for being obtuse, but what's the punch line here?

The Biden coup is rewriting historical records.  They are going back and changing BLS numbers for the past five years.  Orwell wrote a book about it.


He who controls the present controls the past.  He who controls the past controls the future.

~ G. Orwell ~
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Offline Kamaji

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Re: BLS Job Revisions Show Every Job Report In 2021 Was Total Garbage
« Reply #3 on: February 07, 2022, 10:17:10 am »
Quote from: Hoodat on February 07, 2022, 10:13:59 am
The Biden coup is rewriting historical records.  They are going back and changing BLS numbers for the past five years.  Orwell wrote a book about it.


He who controls the present controls the past.  He who controls the past controls the future.

~ G. Orwell ~


For the purpose of pretending that Trump's economy created no new jobs, and that all of the job creation has taken place since Jan. 2, 2021?
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Offline Hoodat

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Re: BLS Job Revisions Show Every Job Report In 2021 Was Total Garbage
« Reply #4 on: February 07, 2022, 10:30:54 am »
Eventually, yes.

I am also noticing that the number of reported Covid cases prior to Jan 20, 2021 has now been bumped upwards over a year later.  Gotta wonder where those extra cases came from.
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Online andy58-in-nh

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Re: BLS Job Revisions Show Every Job Report In 2021 Was Total Garbage
« Reply #5 on: February 07, 2022, 10:47:32 am »
Quote from: Hoodat on February 07, 2022, 10:30:54 am
Eventually, yes.

I am also noticing that the number of reported Covid cases prior to Jan 20, 2021 has now been bumped upwards over a year later.  Gotta wonder where those extra cases came from.

Likely the same place that the overnight Biden votes came form in PA, WI, AZ and GA.
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Offline catfish1957

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Re: BLS Job Revisions Show Every Job Report In 2021 Was Total Garbage
« Reply #6 on: February 07, 2022, 10:49:11 am »
Quote from: Kamaji on February 07, 2022, 09:29:45 am
Sorry for being obtuse, but what's the punch line here?

Reshuffle the earlier stats to make your disaster look less bad.

Oldest trick in business in the books
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Offline Kamaji

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Re: BLS Job Revisions Show Every Job Report In 2021 Was Total Garbage
« Reply #7 on: February 07, 2022, 10:51:00 am »
Quote from: catfish1957 on February 07, 2022, 10:49:11 am
Reshuffle the earlier stats to make your disaster look less bad.

Oldest trick in business in the books

In other words, engaging in conduct that, if done by a private company, would lead to criminal fraud charges.
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Offline catfish1957

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Re: BLS Job Revisions Show Every Job Report In 2021 Was Total Garbage
« Reply #8 on: February 07, 2022, 10:57:53 am »
Quote from: Kamaji on February 07, 2022, 10:51:00 am
In other words, engaging in conduct that, if done by a private company, would lead to criminal fraud charges.

Bingo (cueing fox guarding henhouse analogy)
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I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.
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