No. of Recommendations: 15
Not sure it's a pro or con yet, but BLS has been missing job estimates for years.
It’s called mathematics.
The first report of job numbers comes out just days after the month end. Not every company reports in a timely manner, so data is limited.
This is the reason the BLS revises the numbers for the previous 2 months and occasionally revises annual numbers. The more time that goes by means they have more data. The more data, the more accurate the number. Math.
Oddly, Trump doesn’t give a single shred of evidence that anyone was cooking the books. There are two reasons for that:
1) Trump is a pathological liar and a cowardly bully
2) There is no evidence of fraud
Like everything else Trump does (tariffs, anyone?), this will weaken the economy. Businesses use this data as part of their decision making process. If they don’t trust the numbers, it creates uncertainty. Uncertainty means they will take less risks. Less risk means less spending. Less spending means fewer employees. You get the drift.