Krugman Drama: Doubts Job Data; Says Maybe Trump Gotten To BLS

krugman-drama-job-data-trump-bls 
Jobs Data Is Released Friday Morning

Unemployment rate falls to 13.3% from 14.7% the previous month 
as staff are recalled


https://www.ft.com/content/30995608-48b3-48a2-98e6-dd4e89d7bad7

The Drama Erupts 


Krugman Writes..

Paul Krugman Doubts Positive Jobs Data

Well, the BLS reports a GAIN in jobs and a FALL in unemployment, which almost nobody saw coming. Maybe it's true, and the BLS is definitely doing its best, but you do have to wonder what's going on. 1/

via
https://twitter.com/paulkrugman/status/1268886548310896640


I've been through a number of episodes over the years in which official numbers tell a story at odds with what more informal evidence suggests; often it turns out that there was something quirky (NOT fraudulent) about the official numbers. 2/
via
https://twitter.com/paulkrugman/status/1268887068836614144

Says Maybe Trump Gotten To BLS


This being the Trump era, you can't completely discount the possibility that they've gotten to the BLS, but it's much more likely that the models used to produce these numbers — they aren't really raw data — have gone haywire in a time of pandemic 3/
via
https://twitter.com/paulkrugman/status/1268887669200883714

Who Is Paul Krugman?





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