That statement defies evidence.

I'm no timeline would it make sense to put out fake numbers on purpose, only to be refutted by ADP, paycheck, the st Louis fed, and the underlying economy.

Reply to this note

Please Login to reply.

Discussion

Their numbers get revised every month though and they were adjusted downward for 8 months in 2024.

Yes, and that didn't exactly help Biden/Kamala, did it? Nor does it now help Trump.

It's based on surveys, data isn't amazing. They are estimates. People lie, they get fired in the meantime, they move, and on and on.

Usually, they tend to revise down when an economy is shrinking in real terms, flat in flat economies, and upwards when economies are growing.

Here is an annual chart of the past 2 decades

They are constantly revising numbers

Obviously.

It is an early estimate.

I don't actually believe that literally every fed number is completely made up and untrue from every conceivable point of view. I use St. Louis fed data for economic research from time to time. It's called a joke. In truth, only **most** of what the state says is a lie, not all of it.