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Powerline Blog
Power Line
30 Aug 2023
John Hinderaker


NextImg:Et Tu, BLS?

I guess we shouldn’t be surprised when a federal agency is politicized. Better we should be surprised to find one that isn’t. Now, the Bureau of Labor Statistics (to be fair, the Department of Labor generally) has been enlisted in the Biden/Newsom re-election campaign. ZeroHedge and Kevin Roche have been on this case for a while. Kevin summarizes:

For several months I have following, directly in the Bureau of Labor Statistics releases and in Zero Hedge posts, the saga of the incredible shrinking initial jobs data releases, which look great on the initial release and are inevitably revised downward (or upward, depending on which way means it got worse) in succeeding months. That can’t go on forever without someone noticing and eventually having to make a big correction. And the most recent release today of the JOLTS (Job Openings and Labor Turnover Survey) report had a spectacular downward revision of job openings. It typically isn’t just the past month that gets revised; it is multiple past months. So to get a true sense of the scale of the change you have to look back at all revisions.
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There is no way this pattern does not reflect intentional release of misleading data to boost the public perception of how Mr. Senile has managed the economy and help his non-existent re-election campaign. And I keep asking myself when Republicans are going to make a big stink out of this because they should.

The linked ZeroHedge post has lots of data with charts and graphs. This one shows the repeated downward revisions in monthly jobs data by BLS:

The Biden administration is doing it with housing numbers, too:

There is much, much more at the link. The bottom line, in my opinion, is that you can’t trust any information that comes out of the federal government, including that which seems to be the most objective and, in former times, non-controversial. Everything is being gamed.