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The BLS Blows It Again!

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Posted By: RockyTCB, 9/8/2025 9:37:12 AM

When President Donald Trump tapped economist EJ Antoni to head the Bureau of Labor Statistics, the elites in Washington clucked their thick tongues. Antoni might have a doctorate in economics, but he’s not “widely recognized”! He’s tweeted some things that turned out wrong! Worse still, he seems to like Trump! But on Friday, the BLS proved once again why it is in desperate need of an overhaul by an outsider such as Antoni. When it released its monthly jobs report on Friday, the BLS said the economy had created 22,000 jobs in August – a weak number that generated countless headlines.

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Reply 1 - Posted by: chagrined 9/8/2025 9:55:51 AM (No. 2000820)
FTA: "It’s still possible that politics is playing a role in how those allegedly pure and unbiased number crunchers at the BLS make their estimates. But it’s looking more and more like plain old incompetence." I beg to differ. Anyone who even loosely followed economic data recently should realize by now this is NOT incompetence. It was a deliberate and concerted effort by the BLS, amongst other governmental entities, to back up Bidet's enablers while the country went to pot and to sabotage President Trump's efforts to rectify heinous economic policies. . .and succeed despite the headwinds from the liars in the Bureaucracy, Enemedia, Academia, Social Media, etc.,...ad nauseum. The same thing went on when Hussein was pResident, which was likely the origin for more and more skewed numbers by any administrations, except of course President Trump's first term.
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Reply 2 - Posted by: VAPMAN 9/8/2025 10:25:55 AM (No. 2000834)
Are you kidding me? How on earth could the BLS be so terribly wrong ? Either it’s political clowns or idiots running the show. I say shut it down, fire most of the workers and bring in new fresh people to see if it’s possible to get it right. No reporting of results until they have a 6 month trial and can show the President that they know what they are doing.
6 people like this.

Reply 3 - Posted by: paral04 9/8/2025 12:22:52 PM (No. 2000885)
Could be right. There were a lot of people let go in the Federal Government and maybe it offset new jobs in the commercial world.
2 people like this.

Reply 4 - Posted by: J. Arthur Brown 9/8/2025 1:16:31 PM (No. 2000906)
Job and jobless estimates based on sampled firms will never be perfect. BLS's initial estimates have to be routinely revised because many sampled firms don't submit the underlying data on time. Since data can be transmitted instantaneously over the Internet there is little excuse for this. Dr. Antoni doesn't need to be Milton Friedman to fix this, he just needs to be a good manager.
3 people like this.

Reply 5 - Posted by: Starboard_side 9/8/2025 2:36:25 PM (No. 2000967)
The big problem, the stock markets react to these numbers and make financial decisions based on those numbers. I realize many see math as being hard, but counting in this manner should not be so difficult. The examples shown are not even close, but sure look politically motivated - to hurt Republicans in most instances.
3 people like this.

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