I posted this in the morning, but that's big problem - they
always revise the data down later on, meanwhile the market reacts
to false or bad data when it's first reported even though it's
always revised later
Bullish ... lol ... that's the goal ... making the market go up
... doesn't have to be accurate ... as long as the algos buy
it ... same with Inflation ... who believe the
official numbers? but market trades off those things
... so massage it to make it more acceptable ... since when
telling the truth is a requirement for any government entity ?
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Nonfarm payroll revised down 818,000
Posted by matt on 21st of Aug 2024 at 01:48 pm
I posted this in the morning, but that's big problem - they always revise the data down later on, meanwhile the market reacts to false or bad data when it's first reported even though it's always revised later
https://www.cnbc.com/2024/08/21/nonfarm-payroll-growth-revised-down-by-818000-labor-department-says.html
cnbc.com
Nonfarm payroll growth revised down by 818,000, Labor Department says
The U.S. economy created far fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported.
That's why traders call the
Posted by te22 on 21st of Aug 2024 at 10:04 pm
That's why traders call the Nonfarm Payrolls: "The Phony Jobs Number"
Bullish ... lol ... that's
Posted by mla127 on 21st of Aug 2024 at 03:15 pm
Bullish ... lol ... that's the goal ... making the market go up ... doesn't have to be accurate ... as long as the algos buy it ... same with Inflation ... who believe the official numbers? but market trades off those things ... so massage it to make it more acceptable ... since when telling the truth is a requirement for any government entity ?