Monthly jobs reports are a statutory requirement. If we would like better data, and thus fewer revisions, perhaps we should restore funding to the BLS.
you are going to enrage some dummies with this kind of talk.
What will fix the problem #slowdug? Apparently a $728m dollar annual budget for this one little faction of the DOL wasn't enough. So $1b a year - $2b a year - how much?
For starters, they could bring back the advisory committees that DOGE disbanded. Part of their function was increasing response rates to the monthly surveys and modernizing the survey process. We've also not had "crap reporting."
I'm sure EJ Antoni will be able to navigate these waters, however.
Who measured the effectiveness of this committee and their functions? Are you implying that there's now a block on BLS staff collaborating with academia and outside sources? if so, please provide a link.
Over 2,000 full time staff dedicated to one function.
Are you under the impression that the monthly jobs report is the only function of the BLS?
No - I am sure there are numerous sub functions.
But in typical you fashion - you keep avoiding other parts of what I am saying and/or asking. Very onbrand for you and others on here.
Only extreme hyper-partisans don't get the political implications of a election impacting jobs reports - that ultimately turn out to be massively overstated (or understated). Only hyper-partisans continue to try and pooh pooh away the 2 if not 3 times during the Biden administrations that jobs numbers turned out about to be very very wrong.
They are not and were not massively overstated or understated. Regardless, if that is your stance.. why would we then stop efforts to improve the jobs surveys, institute a hiring freeze, fire the experienced commissioner, and hire this Twitter moron? Seems like that would make it worse.
I don't know why I bother to interact with you. You are ignorant of complicated topics, either unknowingly or on purpose, and yet there exists no area where you don't think of yourself as a subject matter expert. rough ridin' frustrating individual. Have some self-reflection and consider that perhaps thousands of trained economists know what they are doing, if you are able.
Translation - the advisory board was grading their own advice.
Provide a link that says that the efforts to improve the reporting have been halted. You can't - because you know that's not true. You're just talking out of your ass - and or listening to people who are bitching because they're not the ones being asked to advise anymore. It's the byproduct of catty ego driven academic types who aren't being listened to anymore. They get very pissy.
I don't claim to be a subject matter expert on everything. I've just dealt with all levels of government extensively including the Federal government and I used to work for the Federal Government.
You can
all you want but the real politic indicates that politicians play up the reports of the here and now and the public responds to that - and the public by and large does not hear about the massive revisions that in this case happened multiple times under the Biden administration - and even with those massive downward revisions Biden - Harris still tried to play up job growth.
U.S. Added
818,000 Fewer Jobs Than Previously Thought From March 2023 To March 2024, Government Says (Forbes - 8/21/2024)
In what world is nearly 1 million jobs not really existing, not massively overstating job growth? Besides total whack-a-doo world.
