jobs data
Search documents
Liesman: No evidence that jobs data is politicized
CNBC Television· 2025-08-01 18:52
Data Integrity & Political Influence - The central argument revolves around the integrity of government data, specifically jobs numbers, and the potential for political manipulation [2][3] - The speaker strongly refutes the idea that the jobs numbers have been politically revised or underreported, stating there's no statistical evidence to support such claims [3] - The speaker expresses concern that the President's actions could undermine the reliability of government data, potentially turning the Bureau of Labor Statistics (BLS) into a politically aligned entity [4][9] - It would require a massive conspiracy within the BLS to successfully politicize the data, highlighting the difficulty of manipulating these numbers [9][10] Data Revision & Accuracy - Jobs numbers are routinely revised due to the availability of more complete data, a standard practice for improving accuracy [2][5] - Revisions occur monthly, then again, and finally annually, reflecting the ongoing refinement of estimates with actual data [5] - The response rate to surveys has decreased since the pandemic, impacting the reliability of initial data [4] Historical Context & Ethical Concerns - The situation is compared to the McCarthy hearings, emphasizing the outrage caused by unfounded accusations of politicization [2][8] - The speaker cannot recall a similar instance of a political firing of a government data official at this level, underscoring the unprecedented nature of the situation [7][8]
X @Wu Blockchain
Wu Blockchain· 2025-08-01 18:21
Donald Trump accused Labor Statistics Commissioner Erika McEntarfer of inflating jobs data before the 2024 election to aid Kamala Harris and called for her removal. He also urged Fed Chair Jerome Powell to step down, criticizing pre-election rate cuts as politically driven. https://t.co/sM7BJZ7kDt ...