Biden’s BLS Overestimated Jobs Numbers by 1.5 Million

Do you think that proves anything? Not seeing it. We're the job numbers revised down in November? December? Show me the holdback.

And please, where did you get those quotes. Would it be from the Trump Whitehouse. LOL

So ashamed you can't even link it.
YbIQ9y1.gif
 
You mean like FOX News paying out $875 million dollars for lying to the American people about the 2020 election which wasn't stolen???????
Faux Noise paid them....but last week it was discovered that anywhere there was a Dominion machine....they shorted Trump hundreds of thousands of votes.

So Fox needs to sue Dominion now. Because everything Dominion was suing them over turned out to be Bull Shit.
 
You mean like FOX News paying out $875 million dollars for lying to the American people about the 2020 election which wasn't stolen???????
2020 Had to be stolen. Biden didn't even campaign and now we know, he was not even competent for the job. We now know he wasn't even running the country, the auto pen was running the country. When is the legacy media and the Democrat controlled cable 'news' going to have to pay for lying about Trump in 'Russiagate?'
 
I thought you had mispelled it.

So, who is "Matt Gerts" that I should listen to him about anything?

Let me guess: He's some guy who makes a living by whining about talk Radio and Foxnews, that the liberal media likes to quote so that it's not them complaining about being beaten at every turn in ratings, but some expert? Some "expert" with no advanced degree and whose husband works for the liberal media?

As I said on another thread, the liberal media pulls in obscene profits by keeping the gullible in thrall.
You don't have to listen to him. That is the thing. You can easily go back through the BLS posted numbers, check out each monthly report. It will include the predicted number and it will include the revisions to the previous two months. I mean I didn't have to. I remembered. I usually get the numbers minutes after they are released. I do that every month. Those are important numbers and the revisions are the most critical, the most accurate. They are based on real data, not survey responses.

And that is the thing, when the Whitehouse releases some information claiming that the BLS always "trumped up" the numbers for Biden, and always suppressed the numbers for Trump, I knew it was bullshit. PJ Media, what a shithole worthless piece of crap that, again, I will say is ran by a homosexual pedophile that takes sex vacations to Thailand to chase little boys, has the audacity to make that same claim. "Audacity" because, last year at this time, they were crowing about the downward revisions that Biden faced. It shows us two things.

First, they have no integrity. It is propaganda, plain and simple. But second, it shows they have no respect for their audience. And their audience deserves no respect. Easily manipulated, consumed with confirmation bias, no critical thinking ability, and as I have said before, the attention span of a goldfish.
 
You don't have to listen to him. That is the thing. You can easily go back through the BLS posted numbers, check out each monthly report. It will include the predicted number and it will include the revisions to the previous two months. I mean I didn't have to. I remembered. I usually get the numbers minutes after they are released. I do that every month. Those are important numbers and the revisions are the most critical, the most accurate. They are based on real data, not survey responses.

And that is the thing, when the Whitehouse releases some information claiming that the BLS always "trumped up" the numbers for Biden, and always suppressed the numbers for Trump, I knew it was bullshit. PJ Media, what a shithole worthless piece of crap that, again, I will say is ran by a homosexual pedophile that takes sex vacations to Thailand to chase little boys, has the audacity to make that same claim. "Audacity" because, last year at this time, they were crowing about the downward revisions that Biden faced. It shows us two things.

First, they have no integrity. It is propaganda, plain and simple. But second, it shows they have no respect for their audience. And their audience deserves no respect. Easily manipulated, consumed with confirmation bias, no critical thinking ability, and as I have said before, the attention span of a goldfish.
Literally a nearly completely information free rant.

Maybe the mistake is releasing the preliminary numbers, given the propensity of some to eagerly consume that minutes after they are released. What do such early numbers mean when they are changed as far as I know, every single time.

How do such guaranteed inaccurate numbers, meaning the early releases help you to make decisions or support arguments?

The early release is likely what the problem is here not necessarily any kind of rigging.
 
Literally a nearly completely information free rant.

Maybe the mistake is releasing the preliminary numbers, given the propensity of some to eagerly consume that minutes after they are released. What do such early numbers mean when they are changed as far as I know, every single time.

How do such guaranteed inaccurate numbers, meaning the early releases help you to make decisions or support arguments?

The early release is likely what the problem is here not necessarily any kind of rigging.
I agree, maybe the mistake is releasing the preliminary numbers. But it is something the markets demand. And it never was a problem until after Covid, when the Establishment Survey response rate plummeted. Any professional, working in the markets, has understood this for a long time.

The problem is making a big deal out of those preliminary number, either good or bad. For instance.

Today’s jobs report shows the private sector is roaring back under President Donald J. Trump — smashing expectations for the second straight month as the Golden Age of America is well on its way.

In March, the U.S. added 228,000 jobs — nearly 100,000 more jobs than economists predicted and the fourth-highest month for private payroll growth in the past two years. In fact, last month’s jobs increase is roughly twice the pace of the previous two months.

The report highlights a resilient labor market as companies aggressively onshore jobs amid President Trump’s bold trade and economic agenda.

Perhaps you can find a White House release from the Biden administration that is presented the same way. I don't think so, last year, the Biden administration released a statement acknowledging the downward revisions for the previous month.

I mean here is what the release about the March number really was. The BLS released initial job creation numbers for March, derived from a limited survey with a declining participation rate, that has continuously overestimated job creation since the Covid pandemic. Trump is the greatest.

He has no more respect for you than PJ Media does. And his staff is a bunch of idiots.
 
Now we know the truth.

And this is why the head of BLS was fired by President Trump.

All Democratic Party lies, all the time. Aided and abetted by the MSM.


The Bureau of Labor Statistics (BLS) under Joe Biden overestimated the number of jobs added by 1.5 million, according to a pro-Trump economist.​
Controversy erupted this month after Donald Trump fired Erika McEntarfer, the Biden-appointed Commissioner of the Bureau of Labor Statistics. Regardless of the allegations that she deliberately tried to weaken the latest jobs report to make Trump look bad, anyone who’s been paying attention to the jobs numbers over the past few years understands that numbers were reported high, then quietly revised downward. Something shady has been going on at the BLS. That’s what economist Steve Moore is trying to emphasize.​
The Biden administration grossly overestimated job gains, and whereas real wages consistently went down under Biden, the opposite trend is emerging under Trump, based on the data Moore shared.​
It is also worth keeping in mind that, as of the start of 2024, the touted “job gains” were going to migrants, including illegal aliens, while U.S.-born men were facing disturbingly high unemployment. While big companies, hotels, and farming conglomerates hired illegal aliens at lower wages, Americans couldn’t find any of the jobs McEntarfer and Biden boasted about.​
At an Oval Office presentation Thursday, Moore explained, “I called the President because I had some very good news from some new data that we've been able to put together … I was telling the President that he did the right thing in calling for a new head of the Bureau of Labor Statistics, because this shows that over the last two years of the Biden administration, the BLS overestimated job creation by 1.5 million jobs.”
To call it “a gigantic error” is an understatement. Trump jumped in to say he believes that the BLS under Biden deliberately manipulated the data, but regardless, McEntarfer obviously had a terrible track record.​
Moore continued, “We have access to some data that no one else does on what has happened month by month with median household income. This is based on unpublished Census Bureau data. It will be released sometime in the next six months, but we get an advanced look at it. And so I was telling the President, in his first five months in office, starting in January through the end of June, the average median household income adjusted for inflation for the average family in America is already up $1,174.” Trump proudly took the chart from Moore and showed it to the press.
Then, Moore moved on to compare data from under Biden and from under Trump in his first term. “We finally have the 2024 data on what happened with real family income in the United States,” Moore elucidated. “And so what I did was I compared the record in Donald Trump's first term with the Joe Biden first term.”
Even counting in the economic crisis caused by the Covid-19 lockdowns starting in the last year of the first Trump term, as of “2020 we saw a $6,400 real after inflation gain in income for the average family. And that compares with Joe Biden, which was a measly $551. So Mr. President, you get — you gained 10 times more income for the average family than Joe Biden did because of your policies,” Moore concluded.
As noted above, real wages went down consistently under the disaster of Bidenomics. But hopefully, a new era is dawning, and workers can look forward to a slowly strengthening economy and jobs market.


I'm Gobbsmacked!
 
I agree, maybe the mistake is releasing the preliminary numbers. But it is something the markets demand.
I think you mean "some people really want to see them." Market demand is a different thing. The federal government doesn't have to release inaccurate numbers. They choose to do so for whatever reason. The most common reason for a government agency to do anything is to maintain their relevance or appearance of relevance and that would be my guess here.
And it never was a problem until after Covid, when the Establishment Survey response rate plummeted. Any professional, working in the markets, has understood this for a long time.
It seems that the head of the BLS did not understand that.
The problem is making a big deal out of those preliminary number, either good or bad. For instance.

Today’s jobs report shows the private sector is roaring back under President Donald J. Trump — smashing expectations for the second straight month as the Golden Age of America is well on its way.

In March, the U.S. added 228,000 jobs — nearly 100,000 more jobs than economists predicted and the fourth-highest month for private payroll growth in the past two years. In fact, last month’s jobs increase is roughly twice the pace of the previous two months.

The report highlights a resilient labor market as companies aggressively onshore jobs amid President Trump’s bold trade and economic agenda.

Perhaps you can find a White House release from the Biden administration that is presented the same way. I don't think so, last year, the Biden administration released a statement acknowledging the downward revisions for the previous month.
I'll not run "find" evidence that the Biden administration crowed over favorable preliminary job numbers. I saw for myself that his little pirate spokesgirl crowed about anything they could come up with and the media echoed the crowing. Surely you saw that also?
I mean here is what the release about the March number really was. The BLS released initial job creation numbers for March, derived from a limited survey with a declining participation rate, that has continuously overestimated job creation since the Covid pandemic. Trump is the greatest.
What good did it do anyone to them to show the favorable numbers in March and then announce later that they were incorrect (if they were) and the numbers were much worse? Hard to blame anyone that doesn't already hate Trump for wondering if that was not a setup to make him look bad.
He has no more respect for you than PJ Media does. And his staff is a bunch of idiots.
Whew! For a moment, I thought you'd make it through a whole post without venting your bile about Trump.
 
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I think you mean "some people really want to see them." Market demand is a different thing. The federal government doesn't have to release inaccurate numbers. They choose to do so for whatever reason. The most common reason for a government agency to do anything is to maintain their relevance or appearance of relevance and that would be my guess here.
No, the monthly employment situation report is perhaps one of the most important government release each month. It used by everyone from the Federal Reserve to Corporate boards examining employee training.
It seems that the head of the BLS did not understand that.
Of course they did. As mentioned, the BLS had an ongoing study on how to improve those response rates from the Establishment Survey. The Trump administration eliminated it back in February.
I'll not run "find" evidence that the Biden administration crowed over favorable preliminary job numbers. I saw for myself that his little pirate spokesgirl crowed about anything they could come up with and the media echoed the crowing. Surely you saw that also?

What good did it do anyone to them to show the favorable numbers in March and then announce later that they were incorrect (if they were) and the numbers were much worse? Hard to blame anyone that doesn't already hate Trump for wondering if that was not a setup to make him look bad.
First, sure, I remember the Biden administration crowing about good job numbers. But I also remember them acknowledging downward revisions and admitting that initial numbers were apt do be revised.

And can we stop with the victimhood bullshit. First, obviously, despite my clear explanation as to how the initial numbers are calculated and why they are revised, seems to have been beyond your comprehension. Maybe this will help, remember how the polls predicted Hillary would win. You guys on the right would wail, and you had every right to. Sampling errors can come from a variety of categories, one of the biggest, non-response bias.

And the only people that "set-up" Trump to look bad were his own people. That release about job numbers in April should have been tempered, It should've come with a warning. You cannot tell me that there is not someone in the administration, probably a long time civil servant that is taking up the administration's offer for early retirement, that did not know about the non-response bias with the Establishment Survey and the ongoing problem of overstating job gains. Hell, they knew enough about it to terminate the committee that was working to improve that response rate.
Whew! For a moment, I thought you'd make it through a whole post without venting your bile about Trump.
Sometimes, it isn't always about Trump. I mean this circus was a self-fulfilling prophesy. They terminated the committee to improve the response rate in February, made a huge deal of the preliminary job numbers in April, and now, when they should be openly admitting the were a little over enthusiastic about those preliminary numbers in April--precisely what Biden did--they fire someone and wail like a baby about being the victim. Classic Trump.
 
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No one expects an honest assessment from someone from the heritage foundation. You’ll get lots of spin though.
Right on time as predicted. That narrative was set the instant it was announced they were going to get a true assessment of the jobs numbers. We noted that any data reflecting positively on Orange Man would automatically be called fake and invalid by the usual suspects, and we were right.
 
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Spin little tRumpling!

Spin like the wind!!!
Right on time as predicted. That narrative was set the instant it was announced they were going to get a true assessment of the jobs numbers. We noted that any data reflecting positively on Orange Man would automatically be called fake and invalid by the usual suspects, and we were right.
 
15th post
No, the monthly employment situation report is perhaps one of the most important government release each month. It used by everyone from the Federal Reserve to Corporate boards examining employee training.
All the more reason it should be accurate.
Of course they did.
You mean "she did."
As mentioned, the BLS had an ongoing study on how to improve those response rates from the Establishment Survey. The Trump administration eliminated it back in February.
Look, I"m trying not to be insulting. But, do you know how much like self-parody that sounds?

BLS conducting a long-term multi-million dollar study of why it consistently provides information that is not only useless, but foments political division and misleads the market?

Why not just stop providing the bogus information until they solve the problem? It would take an exceptional leader of BLS to do that, which is what Trump has promised.
First, sure, I remember the Biden administration crowing about good job numbers. But I also remember them acknowledging downward revisions and admitting that initial numbers were apt do be revised.
Trump takes a more proactive approach.

republicans likely crowd about biden's numbers being revised downward , but the media did not. That's the difference. Bls and the media silently colluding do spread as much negative information about trump as possible.
And can we stop with the victimhood bullshit. First, obviously, despite my clear explanation as to how the initial numbers are calculated and why they are revised, seems to have been beyond your comprehension.
I suppose Im not thr brightest of fellows . . .
Maybe this will help, remember how the polls predicted Hillary would win. You guys on the right would wail, and you had every right to. Sampling errors can come from a variety of categories, one of the biggest, non-response bias.
I'm shocked you bring that up.

Those polls predicted that hillary would win because that was a result that the pollsters were looking for. Also, because the mainstream media would not have reported polls that said otherwise.

Trumpers knew to simply ignore those polls even if the the Clintonistas were fooled.

But the undecideds probably believe them, it was a near a miracle that those polls did not affect the election.

Would you want any of those pollsters to go and work for BLS?


And the only people that "set-up" Trump to look bad were his own people. That release about job numbers in April should have been tempered, It should've come with a warning.
Yes, and that warning should have come from bls:

"Be advised that our initial results are wrong much more often than they are correct. So much so that when we are right, we would have to chalk that up to coincidence.

"Do not use these figures for decision-making of any kind or as support for any assertion!"

Did the bls deliberately release good number for trump, knowing that a while later they would release bad numbers to make him look like an idiot?

There is no evidence of that, but that would be a minor prank compared to some of the other blatantly corrupt ways that biden appointees have gone after Trump.

But, here's an important fact of life in the world: if you make your boss look like an idiot, he is very likely to fire you whether you meant to do that or not.
You cannot tell me that there is not someone in the administration, probably a long time civil servant that is taking up the administration's offer for early retirement, that did not know about the non-response bias with the Establishment Survey and the ongoing problem of overstating job gains. Hell, they knew enough about it to terminate the committee that was working to improve that response rate.
With trump, you don't get point for "working to" do something. Results are what mattered to him, and that's why he gets them.

Weren't Biden and Kamala "working to" secure the border? While making one excuse after another?

Do you still believe their excuses were valid?


Sometimes, it isn't always about Trump.
Tell that to NPR.
I mean this circus was a self-fulfilling prophesy. They terminated the committee to improve the response rate in February, made a huge deal of the preliminary job numbers in April, and now, when they should be openly admitting the were a little over enthusiastic about those preliminary numbers in April--precisely what Biden did--they fire someone and wail like a baby about being the victim. Classic Trump.
Firing that person was an admission that they' made a mistake by allowing her to stay in place.

Your idea of convincing politicians not to brag about good numbers would run into bipartisan resistance, I'm afraid.
 
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Now we know the truth.

And this is why the head of BLS was fired by President Trump.

All Democratic Party lies, all the time. Aided and abetted by the MSM.


The Bureau of Labor Statistics (BLS) under Joe Biden overestimated the number of jobs added by 1.5 million, according to a pro-Trump economist.​
Controversy erupted this month after Donald Trump fired Erika McEntarfer, the Biden-appointed Commissioner of the Bureau of Labor Statistics. Regardless of the allegations that she deliberately tried to weaken the latest jobs report to make Trump look bad, anyone who’s been paying attention to the jobs numbers over the past few years understands that numbers were reported high, then quietly revised downward. Something shady has been going on at the BLS. That’s what economist Steve Moore is trying to emphasize.​
The Biden administration grossly overestimated job gains, and whereas real wages consistently went down under Biden, the opposite trend is emerging under Trump, based on the data Moore shared.​
It is also worth keeping in mind that, as of the start of 2024, the touted “job gains” were going to migrants, including illegal aliens, while U.S.-born men were facing disturbingly high unemployment. While big companies, hotels, and farming conglomerates hired illegal aliens at lower wages, Americans couldn’t find any of the jobs McEntarfer and Biden boasted about.​
At an Oval Office presentation Thursday, Moore explained, “I called the President because I had some very good news from some new data that we've been able to put together … I was telling the President that he did the right thing in calling for a new head of the Bureau of Labor Statistics, because this shows that over the last two years of the Biden administration, the BLS overestimated job creation by 1.5 million jobs.”
To call it “a gigantic error” is an understatement. Trump jumped in to say he believes that the BLS under Biden deliberately manipulated the data, but regardless, McEntarfer obviously had a terrible track record.​
Moore continued, “We have access to some data that no one else does on what has happened month by month with median household income. This is based on unpublished Census Bureau data. It will be released sometime in the next six months, but we get an advanced look at it. And so I was telling the President, in his first five months in office, starting in January through the end of June, the average median household income adjusted for inflation for the average family in America is already up $1,174.” Trump proudly took the chart from Moore and showed it to the press.
Then, Moore moved on to compare data from under Biden and from under Trump in his first term. “We finally have the 2024 data on what happened with real family income in the United States,” Moore elucidated. “And so what I did was I compared the record in Donald Trump's first term with the Joe Biden first term.”
Even counting in the economic crisis caused by the Covid-19 lockdowns starting in the last year of the first Trump term, as of “2020 we saw a $6,400 real after inflation gain in income for the average family. And that compares with Joe Biden, which was a measly $551. So Mr. President, you get — you gained 10 times more income for the average family than Joe Biden did because of your policies,” Moore concluded.
As noted above, real wages went down consistently under the disaster of Bidenomics. But hopefully, a new era is dawning, and workers can look forward to a slowly strengthening economy and jobs market.



I actually looked at your link. So much is wrong with it let me point out the main things. Ready? I mean besides the fact that PJ Media is just Conservative News and Opinion

1. The Bureau of Labor Statistics under Biden overestimated the number of jobs added by 1.5 million, according to a pro-Trump economist.

Then your article goes on to say Regardless of the allegations that she deliberately tried to weaken the latest jobs report to make Trump look bad, anyone who’s been paying attention to the jobs numbers over the past few years understands that numbers are always reported high, then revised downward.

Very true.

So you see? You are saying Biden's BLS overestimated jobs numbers by 1.5 million.

So what about Trump? Come on! Hold him to the same standard. If Biden did it, well so was Trump. The only reason he's crying is he doesn't like the numbers. Wake up!

The July jobs report revealed a significant downward revision of job growth for both May and June, with a combined 258,000 fewer jobs added than initially reported.

130,000 jobs a month x 12 is $1,500,000 jobs. X 4 that's 6,200,000 jobs.

So Trump's on pace to overestimate his jobs numbers by 6 million.
 
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