November job growth falls far short of expectations, unemployment rate hits 4.2%
- Thread starter ipatent
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As reported by zerohedge, this is modeled gobbledegook.
You're assuming those are real numbers...not hedonically-adjusted nonsense.
Well, you have to rely on government provided data or else we're no better than...China?
I agree with MKTrader; actual growth established by house to house survey according to Boston Public Radio is closer to 1MM jobs.
We're not as bad as China (yet, but heading that way)...but that doesn't mean we "have" to trust their data. This is one alternative. Maybe the truth is somewhere in the middle.
Alternate Unemployment Charts (shadowstats.com)
I've learned a long time ago that few things in life are real. Government provides data from which numerous analyses and further research are performed. Reality is what they provide until such data is unequivocally proven false (like China's number of covid cases). The problem with alternate data, is that it can also be disregarded for the same reasons the government data would be. As long as data is consistent over time, the data is valid.
Or the data can be proven false from the beginning based on assumptions. This would include the U.S. data on COVID deaths. Since the beginning of the pan/plan/scam/whatever-demic, the CDC allowed "probable deaths" in their death count. Couple that with numerous financial incentives (including CARES Act) for hospitals to have high death counts--and the data shouldn't be trusted. Since that time, we've also seen many accounts of murders, suicides, car accidents, etc. being included as COVID deaths. Not to mention awful treatment protocols (nursing homes, overuse of ventilators) that surely caused excess deaths.
As for data's consistency, sure. You can look at ups and downs even for bad data and see trends, as long as the data is based on consistently bad assumptions/sources--which isn't always the case when there are agendas at play.