Drudge Retort: The Other Side of the News
Thursday, August 22, 2019

The Trump administration announced Wednesday that the U.S. economy actually created about 500,000 fewer jobs over 2018 and early 2019 than was initially reported, reportedly the largest revision of economic numbers in a decade. A report from the Bureau of Labor Statistics (BLS) found that 501,000 fewer non-farm jobs were created in 2018 and the first three months of 2019, with the biggest revisions occurring in the retail, business services and hospitality sectors.

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Economist Greg Daco of Oxford Economics wrote in tweets Wednesday morning that the revision was BLS' largest since 2009 and predicted that job growth will slow in the months ahead.

"New data reveals slower employment growth (we extrapolated revisions) going into 2020. Maturing #labor market will mean less job growth going forward," he wrote.

Winning(!)???

#1 | Posted by tonyroma at 2019-08-21 09:17 PM | Reply

As we go further into Trump's economy and away from Obama's expect to see more unemployment and homelessness.

Congratulations Republicans. You built that.

#2 | Posted by ClownShack at 2019-08-21 09:19 PM | Reply

Just stopped by to see who was gleefuly celebrating these humbers.

#3 | Posted by goatman at 2019-08-21 09:33 PM | Reply | Newsworthy 1

No one yet, but do try to distract from the disturbing news by blaming people that didn't cause it.

#4 | Posted by bored at 2019-08-21 10:46 PM | Reply | Newsworthy 2

This article makes me feel relieved and optimistic about the future.

People are actually using the correct grammar.

#5 | Posted by sentinel at 2019-08-22 10:27 AM | Reply

"This article makes me feel relieved and optimistic about the future."

Indicates mental illness.

#6 | Posted by danni at 2019-08-22 10:46 AM | Reply

The Bureau of Labor Statistics will be Trump's latest scapegoat accused of promoting 'fake news' intended to undermine the economy.

OCU

#7 | Posted by OCUser at 2019-08-22 11:54 AM | Reply

"Indicates mental illness."

Being constantly wound up with a stick up your ass is not healthy for you, Danni. Mentally or physically.

#8 | Posted by sentinel at 2019-08-22 12:07 PM | Reply

And if we're talking about about the jobs , don't you think it's a good thing, since it's bad news for Trump?

#9 | Posted by sentinel at 2019-08-22 04:55 PM | Reply

That seems like a lot to be off by.

Simple incompetence or calculated whitewash?

#10 | Posted by snoofy at 2019-08-22 05:03 PM | Reply

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That seems like a lot to be off by.

Works out to be about 33,000 per month.

#11 | Posted by REDIAL at 2019-08-22 08:59 PM | Reply

I'm not surprised at the revision's magnitude.

imo, much ado about nothing.

Quite frankly, I'm more concerned about the price of copper.

#12 | Posted by LampLighter at 2019-08-22 09:06 PM | Reply

Quite frankly, I'm more concerned about the price of copper.

As am I.

#13 | Posted by REDIAL at 2019-08-22 09:11 PM | Reply

The Bureau of Labor Statistics will be Trump's latest scapegoat accused of promoting 'fake news' intended to undermine the economy.

OCU

#7 | Posted by OCUser

Maybe he can just try to make them all quit like he's doing to the EPA.

#14 | Posted by SpeakSoftly at 2019-08-22 09:25 PM | Reply

500,000 less? That's an average of 41,000 less per month.

Did Trump commit a Tweet storm about Obama when he learned this or did they keep if from him?

#15 | Posted by AMERICANUNITY at 2019-08-23 12:36 AM | Reply | Newsworthy 1

@#13 ... As am I. ...

It is used in construction extensively. The dropping price indicates a lower demand. A lower demand means less construction because less electrical wiring is needed.

The pricing has always been a reliable indicator of how much construction is taking place.

The statistical leap in this instance is how does the level of construction that is occurring reflect upon the state of the economy?



#16 | Posted by LampLighter at 2019-08-23 12:51 AM | Reply

Trucking: down. Orders for pallets (an indicator of manufacturing): down.

I don't wish for a recession, but if one comes I hope it's while Trump is still in office so he and Republicans won't be blaming whomever is elected in 2020 to replace him.

#17 | Posted by AMERICANUNITY at 2019-08-23 01:01 AM | Reply | Newsworthy 1

And he caused a downturn with his badly fought trade war (fought against even with our allies).

#18 | Posted by AMERICANUNITY at 2019-08-23 01:02 AM | Reply

(waged against even our allies)

#19 | Posted by AMERICANUNITY at 2019-08-23 01:04 AM | Reply

"Simple incompetence or calculated whitewash?"

I'd guess it is answer b.

#20 | Posted by danni at 2019-08-23 06:43 AM | Reply

"Simple incompetence or calculated whitewash?"

I'd guess it is answer b.

#21 | Posted by danni at 2019-08-23 06:43 AM | Reply

It is used in construction extensively.

And consumer goods. I read somewhere that one company in China that makes cheap electric fans (like you'd buy at Wal*Mart) uses so much copper it can affect the world price.

#22 | Posted by REDIAL at 2019-08-23 07:40 AM | Reply

#20 The answer is both. Incompetence of the administration pushing the blatant lies that tax cuts create jobs.

#23 | Posted by Nixon at 2019-08-23 07:40 AM | Reply

500,000 less? That's an average of 41,000 less per month.

Did Trump commit a Tweet storm about Obama when he learned this or did they keep if from him?

#15 | Posted by AMERICANUNITY

Someone has been lying about the job stats. Perhaps the analogy is those scientists who lied to Saddam about nuclear capability. Or perhaps Trump himself, who lies about everything, lies about this.

#24 | Posted by Zed at 2019-08-23 09:14 AM | Reply

Trucking: down. Orders for pallets (an indicator of manufacturing): down.

I don't wish for a recession, but if one comes I hope it's while Trump is still in office so he and Republicans won't be blaming whomever is elected in 2020 to replace him.

#17 | Posted by AMERICANUNITY

There's nothing wrong about hoping a recession has some solver lining.

#25 | Posted by Zed at 2019-08-23 09:15 AM | Reply | Newsworthy 1

Nulli et all will still cite the original numbers and ignore anyone who corrects them.

That's how Republicans work.

Lie. Correct it later. The base still believes the lie.

Hey, did Trump find Obama's real birth certificate yet?

#26 | Posted by Sycophant at 2019-08-23 12:57 PM | Reply | Newsworthy 1

Lie Loudly then put the 3 line retraction on page 26 of the public notices section in the weekly shopper stopper Its the republican way

#27 | Posted by hatter5183 at 2019-08-23 01:59 PM | Reply

When your President says that the Chairman of the Fed is a bigger enemy than President Xi, the dictator of China, you know you have a psycho as your President.

#28 | Posted by danni at 2019-08-24 10:48 AM | Reply

When your President says that the Chairman of the Fed is a bigger enemy than President Xi, the dictator of China, you know you have a psycho as your President.
#28 | POSTED BY DANNI

Yep! The quality of politicians has been decreasing since the Civil War.

I hate to imagine what follows Trump.

#29 | Posted by Ray at 2019-08-24 11:05 AM | Reply

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