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Fed Chair Jerome Powell Says U.S. May Be Drastically Overstating Jobs Numbers
Fed Chair Jerome Powell pointed on Wednesday to a job-market risk that economists have been worried about for months: Official statistics could be drastically overstating recent hiring.
Powell said that Fed staffers believe that federal data could be overestimating job creation by up to 60,000 jobs a month. Given that figures published so far show that the economy has added about 40,000 jobs a month since April, the real number could be something more like a loss of 20,000 jobs a month, Powell said.
“We think there’s an overstatement in these numbers,” Powell said in a press conference following the central bank’s two-day policy meeting.
https://www.wsj.com/economy/jobs/fed-ch … ,djemITP_h
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Re: Fed Chair Jerome Powell Says U.S. May Be Drastically Overstating Jobs Numbers
TDS!! I haz it!!!
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Re: Fed Chair Jerome Powell Says U.S. May Be Drastically Overstating Jobs Numbers
TRANSLATION: The Fed no longer believes the numbers from the BLS, so is therefore not relying on the BLS data.
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Re: Fed Chair Jerome Powell Says U.S. May Be Drastically Overstating Jobs Numbers
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SockpuppetRe: Fed Chair Jerome Powell Says U.S. May Be Drastically Overstating Jobs Numbers
wrote:
TRANSLATION: The Fed no longer believes the numbers from the BLS, so is therefore not relying on the BLS data.
Pretty wild.
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Re: Fed Chair Jerome Powell Says U.S. May Be Drastically Overstating Jobs Numbers
Weird he never noticed this when Biden was president.
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Re: Fed Chair Jerome Powell Says U.S. May Be Drastically Overstating Jobs Numbers
Sounds like sedition.
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Re: Fed Chair Jerome Powell Says U.S. May Be Drastically Overstating Jobs Numbers
Gosh, REALLY? Trump lie about numbers? You meant the guy who says prices on everything have come down 500% which isn't even possible.
Anybody with even 1/10th of a brain can see the job market is awful. Layoffs are constant and everywhere. No data the US government produces can be trusted now. Trump has installed sycophants and cronies in all the main roles and anybody with integrity was fired or quit.
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