Socialism with American Characteristics
Iowa's rolling farm fields of coffee
Mac on the other hand are for coders that havn't [sic] learned linux yet,
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I used Linux and Solaris for many years, but then MacOS X came out and I switched since it's a BSD-ish environment and all normal Unix software compiles and runs just fine on it. I'd much rather focus on actually coding than doing sys-admin stuff. I gladly let Apple take care of that.
Indeed, I fully agree. The funny thing is, monthly numbers would help us move away from the distortions of the quarterly cycle. If key data reporting becomes frequent enough, you can't get into a cycle of "do adverse-numbers stuff early in the quarter and then cram positive-numbers stuff into the end of the quarter". You have to - *gasp* - just run your business normally.
Some businesses could still manage to switch to a monthly cycle, but anyone who deals significantly in transoceanic feedstocks/parts/goods shipments won't be able to.
BLS numbers aren't some sort of dark art. They're literally just the compiled numbers reported by companies. Numbers are what they are. To fight against jobs numbers is to fight against reality.
People get confused by the existence of revisions. The problem is that not all data gets reported in a timely manner. When late data comes in, it causes revisions to the earlier reported numbers, either up or down.
Firing the head of the BLS because you don't like what numbers US companies reported is just insane Banana Republic-level nonsense.
Yes, he fired the same person who was ultimately responsible for putting out crap numbers.
US reporting has always been the gold standard. Nobody has accused the BLS of "crap numbers" until Trump decided he didn't like them. It's is so way outside the norms it doesn't even resemble something that could conceivably happen in the US; this is banana republic-level stuff.
Yeah, as an investor, my reaction to this proposal was, oh HELL no.
TL / DR:
BLS chief: "Jobs are turning bad now."
Trump: "Fake news, you're fired. I'm appointing a January 6th rioter conspiracy theorist to head the BLS!"
BLS today: "Jobs were ALREADY bad!"
The fact that you take at face value a revision of Biden-era job numbers, immediately after Trump fired and replaced the BLS chief explicitly because he published jobs numbers Trump didn't like, is....
Well, it's certainly a choice.
I was thinking the same thing. What sort of an idiot will take US jobs numbers at face value right after Trump fired the Bureau of Labor Statistics chief after he reported numbers that Trump didn't like?
All science is either physics or stamp collecting. -- Ernest Rutherford