Two of Trump’s economists-and friends have long been collided with Trump jobs data

The bitterness of the “decorated” job report last week, which showed growth in the most expected jobs expected, is still a journalistic conference held on Thursday evening to display graphs with what he called “new numbers.”

Stephen Moore, an economist of the Heritage Foundation, said during the press conference that the numbers justify Trump Shooting Erika Mceentarfer. It was estimated that over the past two years of the administration of President Joe Biden, BLS has been exaggerated in estimating job creation by 1.5 million jobs.

In an interview with luck, Moore said that he did not agree to the president that the numbers were intentionally forged. He explained that he had never met a rescue, but he said that he was “suspicious” that the job numbers published before the elections were ultimately revised.

These suspicions formed the basis presented by the graph of Moore to the Oval Office, which showed three tapes: standard reviews, monthly reviews, and the total growth of the estimated jobs since 2024.

Beach – whom Moore said was known for 30 years and is called a “good friend” – called these numbers “the strangest thing in the world.”

“He should have known better than doing it,” said Beach.

The beach found problems in all fields.

Beach said that the first tape – which was delivered as a review of August jobs – used a preliminary estimate that was later revised in February, which means that the number on the graph did not match the official final number.

Moore replied that the beach misunderstood his way. He said that the team was comparing the primary “main” job numbers that are released every month with the revised and normative numbers, and the collection of these differences, instead of just withdrawing the final August correction.

Beach also argued that the standard fee number on the graph was incorrect and was not in line with the published BLS data. He said that the last tape, called “total reviews”, was a mathematical defect, because it added standard reviews to the monthly reviews, although the standard already includes these monthly changes – “such as the same Apple account twice and pretending that you had two.”

Moore rejected the idea that this was dual, saying he was taking separate steps in the review process.

In addition, during the press conference, Moore said that the income numbers came from the unpublished statistics office data; Beach says that this makes them uninterrupted. Moore said luck His team developed an algorithm to estimate these income numbers in advance with what claims to be 97 %, and intends to publish a report explaining the method.

Perhaps the biggest dispute between the two friends for a long time philosophical. Moore claimed that he did not believe that the numbers were forged, he also said that the positive reviews of Biden “raised eyebrows”, and encouraged the president to say that BLS was damaged.

The beach cannot understand this conspiracy. When Bls led from 2019 to 2023, he personally saw the decentralized nature of the process and the “steel” loyalty of statistics that exceed hundreds of data parts. Every person in the role of BLS has a specific function, and it was difficult to imagine how they could conspire to pay job data in a direction or another.

“I mean, there is a person in BLS who specializes in drinking diets,” Beach laughed.

Beach said that Trump’s doubts were more than just confusing. They were also “very dangerous”. He said that the markets are largely dependent on confidence in the job report data, that the damage caused by Trump’s words and actions have already happened.

Depending on his experience in the private sector, he explained that uncertainty in some measures forces business leaders to expand the “error margin” when making investments, which can kill deals. If companies doubt the accuracy of federal statistics, it is warned of that, they will eventually resort to alternative measures.

Instead of blame the Messenger, or the arm of unnecessary doubt, the beach emphasized that many issues related to statistical data can be resolved by updating.

“I have worked for two years as a statistical head of the United States, as well as BLS,” said Beach. “So I know how the system weakens, and it has been weakened over time due to the lack of interest by Congress and the lack of modernization. So there are many things to do.”

More was able to be able to find an opportunity to better explain his statistical variations. Moore has always had a different way to build numbers, which the beach said he benefited from.

“But sometimes, he does not really engage with a topic at that time, it is important for him to ignite this participation,” said Beach. “I think this, this is an example.”

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