#Economy & #Stocks Review Labor Report Is A Joke

E&S Review

Much of today's economic data, including officially collected and produced time series, is highly unreliable. Statisticians use well-documented techniques such as geometric smoothing, seasonal adjustments, substitution, double counting, and hedonic adjustments to modify economic outcomes dating back to the 1980s. Politicians and central bankers often leverage these techniques for political gain.

Data manipulated by these statistical methods are frequently revised without clear notification to the public, especially when administrations or public policies change.

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Labor Report Is A Joke

As anticipated, the January jobs report revealed large downward revisions in nonfarm payrolls from 2023 to 2024.

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