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Powell Says Trump Is Drastically Overstating Job Numbers
Fed Chair Jerome Powell pointed on Wednesday to a job-market risk that economists have been worried about for months: Official statistics could be drastically overstating recent hiring.
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reinheitsgebot
Joined 2006/11/29Visited 2025/12/11
Status: user
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... Official statistics could be drastically overstating recent hiring. ...
When Pres Trump soils his pants and fires a person for reporting statistics he does not like, that casts a pall over any subsequent statistics that may be released by the Trump administration.
#1 | Posted by LampLighter at 2025-12-11 03:28 AM | Reply
Federal data released Thursday shows that the number of Americans filing for unemployment benefits surged last week, another indication of growing instability in President Donald Trump's economy as corporations lay off workers en masse and prices continue to rise. For the week ending December 6, new unemployment claims jumped to 236,000"an increase of 44,000 from the previous week, according to figures from the US Labor Department.
www.rawstory.com
The decomposing------------- is hoping to snuff the economy like it's Herman Cain.
#2 | Posted by reinheitsgebot at 2025-12-11 01:13 PM | Reply
"For the week ending December 6, new unemployment claims jumped to 236,000"an increase of 44,000 from the previous week, according to figures from the US Labor Department."
The solution is obvious.
Just stop the Labor Department from publishing figures, and the problem goes away!!!
#3 | Posted by Danforth at 2025-12-11 01:22 PM | Reply
Only 31% of U.S. adults said they approve of how Trump is handling the economy, which is down 40% from March and "marks the lowest economic approval he's registered in an AP-NORC poll in his first or second term."
Ouch.
#4 | Posted by reinheitsgebot at 2025-12-11 03:40 PM | Reply
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