Comment Re:Who pays the tariffs ? (Score 1) 95
The numbers before were accurate, they just weren't the best metrics. The job numbers stop reporting you if you aren't actively looking for a job. Which means long term unemployed people aren't counted. There is sense to that for some groups (retired, disabled and unable to work), but not for people who are healthy enough to be in the job market and can't afford to do nothing.
The inflation numbers were accurate, but they didn't include housing. Which makes CPI kind of useless, as housing is the biggest item in most people's budget.
That being said, while the metrics were flawed, they were accurate measurements by and large. So one could rely on them and find insights as long as you keep in mind what they don't track.From now on though- when an incredibly political person known for his willingness to make shit up (including outright lies on inflation) removes the head of the bureau creating the numbers and replaces them with someone who will give him numbers he wants? Yeah, from now on they're untrustworthy.