Well, damn. Those villainous anti-Trump, deep-state elves at the Bureau of Labor Statistics are at it again, spewing fake news and phony numbers. The Washington Post — wouldn't you just know it? — gullibly reports them:
The momentum in the U.S. labor market flagged in March, new government data showed Friday, with the private sector and the government adding only 98,000 jobs, [down from 219,000 in February and] the lowest gain in nearly a decade…. Economists surveyed by Bloomberg had expected 175,000 jobs to be added in the month.
Last month, when the job numbers were (supposedly) good, Trump's spokesman, Sean Spicer, quoted him as saying that "They may have been phony in the past, but they are very real now." Ah but the elves were just toying with Trump. The devious little bastards were only setting him up for a fall. Once a villainous deep-state elf, always a villainous deep-state elf.
And that's the way the Trump-Putin governing philosophy works: sap the public's confidence in official facts — facts, that is, that emanate from anywhere but the authoritarian top.
I'm sure the jobs numbers will be fake again once the unemployment rate starts ticking up again thanks in part to to Trump's federal hiring freeze. Can't even be bothered to fund or add more agents to the secret service who are stretched beyond the limits just protecting the white trash royal family of entitled douchebags.
Posted by: Anne J | April 07, 2017 at 10:49 AM
Just in terms of the numbers, it's even worse. Almost 40,000 jobs were taken away from the last two month's totals. But actually I think this is a pretty good jobs report. My focus is on the employment-to-population, which hit a new high (for this recovery) of 60.1%. It's still about 3 percentage points below were it was before the crisis, however.
Since I *really* want to see Trump be a one-term president, I want to see the economy stay strong for as long as possible. The Fed isn't going to let the economy get much better than it already is, so things *will* get worse soon enough (at least as far as workers are concerned). And given that's the case, I want them to get worse starting right around October 2019. That should assure a Democratic Party win.
Then maybe we can get this country back on a positive track.
Posted by: Frank Moraes | April 07, 2017 at 03:54 PM
Yep.
But expect them to howl about this is "fake news".
Posted by: Marc McKenzie | April 07, 2017 at 04:37 PM
You have more faith than I in an Fed that is independent or at least remains so under the Trump administration. If the economy turned south and it might then I suspect the Republicans would find a way audit the Fed (whatever the fuck that means).
Posted by: Peter G | April 07, 2017 at 05:32 PM