Visitors to the Pittsburgh veterans job fair at Heinz Field meet with recruiters. By Catherine Rampell Catherine Rampell Columnist covering economics, public policy, politics and culture Email Bio Follow Columnist March 8 at 1:57 PM Maybe, just maybe, it’s time for this White House to stop selectively celebrating really noisy or possibly-anomalous-to-the-point-of-meaninglessness statistics. Especially ones that can easily reverse themselves, as we saw happen Friday.
Those who follow the Labor Department’s monthly jobs reports — as I have now for more than a decade — know they are extremely noisy. That is, they bounce around a ton from month to month, and the margin of error in the payroll jobs number is plus or minus about 115,000. So, way above-trend numbers for one month could be the start of a new “miracle” boom, but they are more likely to be an aberration that could quickly reverse itself.
This administration, of course, has no qualms about touting noisy, possibly anomalous numbers when they show good news. And what happens when the data — somewhat inconveniently — show bad news?That’s what happened Friday, after the Labor Department released its jobs report for February. Faced with this news, the White House released an analysis emphasizing February wage growth. What about that lackluster headline 20,000 payroll jobs number? Funnily enough, the White House suggested the public shouldn’t worry, because it was merely one month and the year-long average was still good.
The jobs reports, and all economic indicators shows that Trump accomplished more in two years than Obama did in eight. Difference, Trump truly loves America.
Toxic 250 trillion dollar debt bubble in financial and real estate markets worldwide waiting to pop. Time to decompress and enjoy the simple life. Enjoy.
Lol.. so the last 2 yrs were blips and one month is what’s really happening! Lol FakeNews
Just one month of unexpectedly low job creation may be just a blip. It has to happen a few more times before it can be called a trend.
We haven't heard Bezos complain
I'll be amazed if the economy isn't in a recession by 2020.
i am amez where's maz🤷♀️
And then Trump will say the jobs report is fake. How long do we have to go on with this imbecile who only lives in his own head?
I know in my area in CA there are signs everywhere for jobs . I know that the economy is doing better. He has to tout his own horn . He is fighting against media who will definitely try to find the negative
Whatever you say, unemployment under 4 percent, it wouldn't matter how great things are, you would still hate it
The only way to beat Trump is to FOCUS ON THE ECONOMY!!! More evidence the nation is falling into a Trump Recession. Worst jobs report in years. Frozen wages. Crippling inflation. Stock market stagnant. Retirement accounts down.
Everyday hard working people really never can tell if the economy is doing well... we care about our pockets and providing for our families not rich men investments that have no positve effect on our lives
No b****, it shows that the United States is nearly at full employment and it shows that wages continue to increase
realDonaldTrump
So. Tired. Of. Opinion. Trash.
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