By Grand Rapids Anonymous
tuesday, september 9, 2025 at 10:48:00 a.m. edt
Fake jobs numbers revised down by 911,000, or 76,000 a month
"(cnbc) the labor market created far fewer jobs than previously thought, according to a labor department report tuesday that added to concerns both about the health of the economy and the state of data collection.
"annual revisions to nonfarm payrolls data for the year prior to march 2025 showed a drop of 911,000 from the initial estimates, according to a preliminary report from the bureau of labor statistics. the total revision was on the high end of wall street expectations, which ranged from a low around 600,000 to as many as a million.
GRA: "Concerns." I have "concerns" every piece of data is is incorrect--for many reasons. It was thought biden was jacking up employment numbers last year to hide a lousy economy. Probably true.
This revision, however, makes it an easier base to make job growth look better from here on out for Trump.
Even more revisions down are expected in the final report later in the year
Why even have these phony reports? Trump wants rate cuts--that's why. Who's to say HIS numbers aren't skewed down to get those cuts? Because the stock and bond market feed off the phony numbers.
--GRA
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This shouldn't be hard. Form 941, Employer's Quarterly Federal Tax Return, Line 1, number of employees who received wages, tips, or other compensation. And further down, the $ amount in Social Security taxes, etc. Add up all your Line 1's and presto, there's your total number of jobs.
Now can we "revise downward" the number of swamp piglets sucking at the teat of the Bureau of Labor Statistics?
[Note 1. Yes, it's only quarterly, but with a reasonable monthly sample (it involves pressing a button on the computer that does payroll), one statistician can get you a really good monthly number. ]
[Note 2. Yes, some people fail to file, but the IRS penalties for the humorously-named "trust funds" of Soc.Sec. and Medicare are ultra-punitive, so it's not a gazillion failed-to-file their 1040s.]
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