« previous next »
Pages: [1]   Go Down

Author Topic: BLS Job Revisions Show Every Job Report In 2021 Was Total Garbage  (Read 620 times)

0 Members and 1 Guest are viewing this topic.

Offline Hoodat

  • Hero Member
  • *****
  • Posts: 32,453
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
Logged
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

  • Hero Member
  • *****
  • Posts: 48,301
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?
Logged

Offline Hoodat

  • Hero Member
  • *****
  • Posts: 32,453
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 ~
Logged
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

  • Hero Member
  • *****
  • Posts: 48,301
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?
Logged

Offline Hoodat

  • Hero Member
  • *****
  • Posts: 32,453
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.
Logged
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

  • Hero Member
  • *****
  • Posts: 5,599
  • Gender: Male
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.
Logged
"The most terrifying force of death, comes from the hands of Men who wanted to be left Alone. They try, so very hard, to mind their own business and provide for themselves and those they love. They resist every impulse to fight back, knowing the forced and permanent change of life that will come from it. They know, that the moment they fight back, their lives as they have lived them, are over. -Alexander Solzhenitsyn

Offline catfish1957

  • The Conservative Carp Rapscallion of Brieferville
  • Moderator
  • *****
  • Posts: 25,277
  • Gender: Male
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
Logged
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.

Offline Kamaji

  • Hero Member
  • *****
  • Posts: 48,301
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.
Logged

Offline catfish1957

  • The Conservative Carp Rapscallion of Brieferville
  • Moderator
  • *****
  • Posts: 25,277
  • Gender: Male
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)
Logged
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.
Pages: [1]   Go Up
« previous next »