The U.S. Bureau of Economic Analysis canceled the release of its advance estimate of third-quarter GDP due to disruptions from the federal government shutdown, joining other delayed economic reports like the October jobs data. This postponement has fueled speculation that the data may reveal unfavorable economic performance, especially as President Trump touts strong growth amidst ongoing concerns. While the BEA has not set a new release date, the Federal Reserve Chair has acknowledged that the lack of data could impact policy decisions, further adding to the uncertainty surrounding the true state of the U.S. economy.
Read More
In a Friday exit manifesto, Greene criticized the legislature’s inaction during the majority’s first year, specifically regarding healthcare and the failure to address rising costs. She expressed frustration that her bills, mirroring President Trump’s Executive Orders, were ignored. Greene noted the public’s growing skepticism towards political messaging, emphasizing their awareness of personal financial struggles, including debt, rising living expenses, and economic anxieties. She implied that these everyday difficulties contribute to the public’s disillusionment with the political system.
Read More
White House says no inflation data release likely next month, and the immediate thought that comes to mind is… well, it must be bad. Like, really bad. You know, we’ve seen this before, haven’t we? It’s a pattern. Don’t release the numbers, pretend everything’s fine, and hope the public doesn’t notice the ever-increasing prices at the grocery store or the gas pump. It’s the old “if you don’t test, you don’t get cases” strategy, repurposed for economic data. It’s almost comical in its audacity, but also deeply concerning. It’s like that quote, “We’re winning so hard we don’t have to tell you how hard we’re winning!… Continue reading
Elizabeth Warren’s demand for the release of the September jobs report, even amidst the ongoing government shutdown, has become a focal point of political tension. It’s not just about the numbers themselves; it’s about the perception of transparency, trust, and the potential for manipulation of critical economic data. The core question is: Can we believe what the government puts out?
The underlying suspicion is that the administration might try to paint a rosier picture of the economy than reality warrants, especially if the figures are unfavorable. This is fueled by concerns that the current administration has systematically eroded the non-partisan nature of government agencies, filling them with loyalists who might be willing to bend the truth.… Continue reading
The US economy added 911,000 fewer jobs than previously reported. That’s a staggering revision, the largest ever recorded. It’s hard not to react to that with a sense of disbelief. It’s a number that immediately raises eyebrows, and understandably so. The scale of the adjustment demands attention, prompting questions about the accuracy and the motivations behind it.
This revised figure, coming after significant adjustments to economic data, sparks a wave of concern. The immediate instinct is to scrutinize the source and the timing. The timing of these revisions, especially when they coincide with political shifts, adds to the atmosphere of suspicion.… Continue reading
After claiming official jobs data was “rigged,” Donald Trump fired Bureau of Labor Statistics (BLS) commissioner Erika McEntarfer, sparking concern about the integrity of US economic data. Replacing her is EJ Antoni, a vocal Trump supporter known for misrepresenting statistics and advocating for significant changes to the agency. Antoni’s nomination has raised alarm among economists due to his lack of credibility and partisan views, alongside his past calls to halt the publication of monthly jobs reports and questionable claims about the BLS. These actions have led to worries about the accuracy and reliability of future economic data released under his leadership.
Read More
Following a disappointing jobs report, President Trump has nominated E.J. Antoni, an economist from the Heritage Foundation and Project 2025 contributor, to replace the fired Bureau of Labor Statistics (BLS) chief, Erika McEntarfer. Trump’s decision to remove McEntarfer came after she released a report showing fewer jobs created than expected and downward revisions of previous months’ figures, a move condemned by economists. Antoni, a BLS data skeptic, has criticized the agency and is expected to focus on data accuracy and timeliness, though he has also indirectly contradicted Trump’s claims of a booming economy. The nomination is now awaiting confirmation by the Republican-controlled Senate.
Read More
Following the firing of a top Bureau of Labor Statistics official, Donald Trump’s team scrambled to explain the decision, citing concerns about the reliability of jobs data. The former president accused the official of manipulating figures, though no evidence supported these claims. While some administration officials pointed to data revisions as a justification for the firing, critics, including former government officials, condemned the move as undermining the integrity of the agency. The episode has raised concerns about the politicization of economic data and its potential impact on market confidence.
Read More
The article compares President Trump’s response to disappointing jobs reports to smashing a bathroom scale in an attempt to obscure weight gain. After revised estimates showed a significant downturn in job growth, Trump responded by attempting to intimidate the Bureau of Labor Statistics, which the author argues is a futile gesture. While this tactic might briefly fool some voters, the author asserts that voters will ultimately rely on their personal economic experiences, rendering manipulated statistics ineffective. The article concludes by emphasizing the importance of reliable economic data for market activity, social science, and sound economic policy, suggesting that Trump should instead focus on correcting course.
Read More
Following the release of disappointing job growth figures for July, former President Donald Trump fired US Bureau of Labor Statistics (BLS) commissioner Erika McEntarfer, leading to condemnation from senior Republican lawmakers. The job numbers, coupled with revisions from previous months, indicated an economic slowdown, prompting Trump to allege the figures were “RIGGED” and that the economy was “BOOMING”. Republican senators, including Cynthia Lummis and Thom Tillis, criticized Trump’s actions, emphasizing the importance of accurate, unbiased data and expressing concerns about the politicization of economic statistics. Even a former BLS commissioner appointed by Trump, William Beach, called the firing “groundless” and the move undermining of the BLS’s mission.
Read More
John Q. Hosedrinker 
Matt Underwood