I believe the original numbers were posted before the severity of the federal labor force dismissal was tallied. The jobs reports numbers are given as a net gain/loss, and while we had immediate data on how many people had applied for new jobs, the WH was cagey about how many people had been fired. The net gain was adjusted down from a few hundred thousand to just 13,000.
The other side is that tariffs and trade “negotiations” are all over the place. You can’t really integrate that into your model when they’re changing on a day to day basis.
I suspect that Trump’s screwing with the economy is so bad that it’s messing with their models.
I believe the original numbers were posted before the severity of the federal labor force dismissal was tallied. The jobs reports numbers are given as a net gain/loss, and while we had immediate data on how many people had applied for new jobs, the WH was cagey about how many people had been fired. The net gain was adjusted down from a few hundred thousand to just 13,000.
The other side is that tariffs and trade “negotiations” are all over the place. You can’t really integrate that into your model when they’re changing on a day to day basis.
I suspect that Trump’s screwing with the economy is so bad that it’s messing with their models.