The Jobs Report, 06/06/2025, Seriously?
from the Distilled Perspective
By Patrick T Bulger

Commentary:  

Is there anyone left who takes the "Jobs Report" seriously?

Restatements in the 800,000 to 1,000,000 range over the past few years...

Years after the “New” way of calculating for pandemic and smoothing?
Remember that?

Stamford telling ADP, the people who print the checks, how to report their data?  
Remember That...?

They print the checks, and what, had no idea who for?
   
Interruptions/distortions, huge restatements.
I’m going with “didn’t work”.  
If any of us were this inaccurate at work, one would expect it to end badly.

Humorous that anyone would put weight on a data point with this level of instability.

Gives the appearance of lacking merit...

Headline Jobs is not a key to what we consider high quality dependable data.
Add GDP to that as well.

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