Real data is good, even if the BLS fudges it. The information that’s going to be of real interest is after the effect from tariffs kick in. Someone, somewhere, probably using AI, has probably modeled different jobs scenarios based upon the presumed effect from Trump’s tariffs - but, of course, nobody knows exactly how that will unfold. Peter, I sure hope the data that results is a pleasure for you to analyze. I know your analysis will catch the errors that others make, and I hope yours gets wide attention!
Real data is good, even if the BLS fudges it. The information that’s going to be of real interest is after the effect from tariffs kick in. Someone, somewhere, probably using AI, has probably modeled different jobs scenarios based upon the presumed effect from Trump’s tariffs - but, of course, nobody knows exactly how that will unfold. Peter, I sure hope the data that results is a pleasure for you to analyze. I know your analysis will catch the errors that others make, and I hope yours gets wide attention!
While data should always be viewed skeptically, we have enough independent data sources to assess whether the trends at least are valid.
The April Employment Situation Summary did show job growth, so the JOLTS report confirms that.
The report is a good one. We need several more like it before we can say the corner has been turned on jobs.