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Johnny2X2X

(23,319 posts)
17. More than business
Fri Sep 5, 2025, 11:49 AM
Friday

Governments. Local governments use BLS statistics to tell them when to trigger safeguards. And it's a lot more than just jobs data, BLS handles GDP growth, inflation, and a whole host of other metrics thousands of organizations rely on to know what to do and when to do it.

People don't even know it, but your local government probably has parts of their budget that are based on some of this data. Things written into your city charter that say things like, 'If nationwide unemployment his 6%, then X amount of funds will be released to fund school lunch programs, and X amount of funds will be released to go to training." There are triggers baked into state governments based on these numbers. It's how they know what to do to serve the citizens best.

The BLS has been a source of truth that companies and governments can use for generations. Without them, it will be chaos. For business, it adds risk. For governments, it makes it harder for them to react.

All because Trump doesn't like that people are finding out he's destroying our economy.

Recommendations

1 members have recommended this reply (displayed in chronological order):

Trump is preoccupied with stupid stuff C_U_L8R Friday #1
Poor jobs data perhaps Bristlecone Friday #2
.60% is a "big swing"? Fiendish Thingy Friday #3
1.0 %, not 0.60. Down 0.80% now, which makes a 1.20% swing Bernardo de La Paz Friday #7
Are you surprised at the volatility? Fiendish Thingy Friday #13
Not overall, but yes in this context and due to the severity Bernardo de La Paz Friday #14
The latest from CNBC nitpicked Friday #4
Link to CNBC's discussion of the jobs report nitpicked Friday #6
From the jobs report itself nitpicked Friday #12
Jobs data. CrispyQ Friday #5
I think some investors are worried by stagflations. Happy Hoosier Friday #8
One thing for sure, the trump admin didn't cook the books like we feared. Well, I guess it might be a million jobs Silent Type Friday #9
His pick hasn't been confirmed yet Johnny2X2X Friday #11
Not quite blind bc the ADP, Challenger, and ISM numbers are pretty good. Bernardo de La Paz Friday #15
More than business Johnny2X2X Friday #17
I think there are enough experts and data -- independent of trump's admin -- to determine if the MFer cooks books. Silent Type Friday #16
We 100% will know the minute he does it Johnny2X2X Friday #18
The Trump Slump. Sneederbunk Friday #10
People moving money from Tech to rate depended stocks Johonny Friday #19
I wouldn't read too much into this... Here's the last month or so... WarGamer Friday #20
And of course the dipbuyers rushed in nitpicked Friday #21
Nice little recovery Greg_In_SF Friday #22
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