The numbers are not the numbers
-
wrote on 1 Feb 2022, 22:25 last edited by
..in the January jobs report. Thus saith Psaki.
-
M Mik referenced this topic on 2 Feb 2022, 14:12
-
wrote on 2 Feb 2022, 15:24 last edited by
-
wrote on 4 Feb 2022, 23:15 last edited by
The numbers as released on Friday, Feb. 4, 2022:
https://www.bls.gov/news.release/empsit.nr0.htm
“Total nonfarm payroll employment rose by 467,000 in January.”
-
wrote on 5 Feb 2022, 03:41 last edited by
I don’t get it. The numbers weren’t bad, so why all the fuss? Unless they didn’t know the numbers weren’t bad? That’s actually kind of troubling…
-
I don’t get it. The numbers weren’t bad, so why all the fuss? Unless they didn’t know the numbers weren’t bad? That’s actually kind of troubling…
wrote on 5 Feb 2022, 13:27 last edited by@lufins-dad said in The numbers are not the numbers:
I don’t get it. The numbers weren’t bad, so why all the fuss? Unless they didn’t know the numbers weren’t bad? That’s actually kind of troubling…
No, that's exactly how it should work. The numbers are independently calculated. They're not supposed to know, or have any influence.
-
@lufins-dad said in The numbers are not the numbers:
I don’t get it. The numbers weren’t bad, so why all the fuss? Unless they didn’t know the numbers weren’t bad? That’s actually kind of troubling…
No, that's exactly how it should work. The numbers are independently calculated. They're not supposed to know, or have any influence.
wrote on 5 Feb 2022, 13:48 last edited by@aqua-letifer said in The numbers are not the numbers:
@lufins-dad said in The numbers are not the numbers:
I don’t get it. The numbers weren’t bad, so why all the fuss? Unless they didn’t know the numbers weren’t bad? That’s actually kind of troubling…
No, that's exactly how it should work. The numbers are independently calculated. They're not supposed to know, or have any influence.
Si, but SecLab should should have a pretty good feel of whether the numbers are good, bad, or so-so based on their own work…
-
wrote on 5 Feb 2022, 13:55 last edited by
Numbers are bad: Joe Biden sucks!
Numbers are good: Why didn't Joe Biden know they were going to be good???? Joe Biden sucks!
-
@aqua-letifer said in The numbers are not the numbers:
@lufins-dad said in The numbers are not the numbers:
I don’t get it. The numbers weren’t bad, so why all the fuss? Unless they didn’t know the numbers weren’t bad? That’s actually kind of troubling…
No, that's exactly how it should work. The numbers are independently calculated. They're not supposed to know, or have any influence.
Si, but SecLab should should have a pretty good feel of whether the numbers are good, bad, or so-so based on their own work…
wrote on 5 Feb 2022, 14:09 last edited by@lufins-dad said in The numbers are not the numbers:
@aqua-letifer said in The numbers are not the numbers:
@lufins-dad said in The numbers are not the numbers:
I don’t get it. The numbers weren’t bad, so why all the fuss? Unless they didn’t know the numbers weren’t bad? That’s actually kind of troubling…
No, that's exactly how it should work. The numbers are independently calculated. They're not supposed to know, or have any influence.
Si, but SecLab should should have a pretty good feel of whether the numbers are good, bad, or so-so based on their own work…
SecLab doesn't decide the formula.
-
@lufins-dad said in The numbers are not the numbers:
@aqua-letifer said in The numbers are not the numbers:
@lufins-dad said in The numbers are not the numbers:
I don’t get it. The numbers weren’t bad, so why all the fuss? Unless they didn’t know the numbers weren’t bad? That’s actually kind of troubling…
No, that's exactly how it should work. The numbers are independently calculated. They're not supposed to know, or have any influence.
Si, but SecLab should should have a pretty good feel of whether the numbers are good, bad, or so-so based on their own work…
SecLab doesn't decide the formula.
wrote on 6 Feb 2022, 00:07 last edited by@aqua-letifer said in The numbers are not the numbers:
@lufins-dad said in The numbers are not the numbers:
@aqua-letifer said in The numbers are not the numbers:
@lufins-dad said in The numbers are not the numbers:
I don’t get it. The numbers weren’t bad, so why all the fuss? Unless they didn’t know the numbers weren’t bad? That’s actually kind of troubling…
No, that's exactly how it should work. The numbers are independently calculated. They're not supposed to know, or have any influence.
Si, but SecLab should should have a pretty good feel of whether the numbers are good, bad, or so-so based on their own work…
SecLab doesn't decide the formula.
The formula and the exact numbers aren’t what I’m talking about. Just a general feel for how employment numbers looked. The department should have certainly been in regular contact with various trade and labor groups and should have a general feel for whether these groups are seeing large drops in new hires and layoffs… The fact that they were expecting something different than what they saw tells me that either there has not been consistent communication or the communication gave them false impressions. Either of which isn’t good…