Why are economists so bad at reading the economy? Is it because most economists are liberals? 228,000 jobs in March, not the 140,000 forecast.

[pelosi4tariffs96]

I'm intellectually superior to all economists... and its been proven every month, as economists consistently overrated Biden, and made late corrections.
The U.S. added 228,000 jobs in March, far more than the 140,000 economists had expected...

U.S. added 228,000 jobs in March, beating forecasts, as economists warn of turbulence

The surprise jump in hiring did little to cheer investors after Thursday's historic selloff, with analysts already saying last month's data reflects an economic reality Trump has upended.

www.nbcnews.com

 

[Gozaburo]

I'm intellectually superior to all economists...

 

[Redress]

I'm intellectually superior to all economists... and its been proven every month, as economists consistently overrated Biden, and made late corrections.
The U.S. added 228,000 jobs in March, far more than the 140,000 economists had expected.

U.S. added 228,000 jobs in March, beating forecasts, as economists warn of turbulence

The surprise jump in hiring did little to cheer investors after Thursday's historic selloff, with analysts already saying last month's data reflects an economic reality Trump has upended.

www.nbcnews.com

Well, that is the funniest, most idiotic thing I have read in a long time. The civilian workforce in the US is about 170 million. The economists where in the ballpark. As far as corrections, those are made by BLS every single month, and are based on the fact that they use different methodology for the initial report and later reports that the corrections are based on. It really helps you not look like an idiot if you learn a little bit about what you are talking about.

 

[Minerva]

...and this may very well be the last quarter of job growth for sometime.

 

[Individual]

I'm intellectually superior to all economists... and its been proven every month, as economists consistently overrated Biden, and made late corrections.
The U.S. added 228,000 jobs in March, far more than the 140,000 economists had expected...

U.S. added 228,000 jobs in March, beating forecasts, as economists warn of turbulence

The surprise jump in hiring did little to cheer investors after Thursday's historic selloff, with analysts already saying last month's data reflects an economic reality Trump has upended.

www.nbcnews.com

What are your predictions for April and May?

 

[PeteEU]

This thread is gonna look funny in a couple of months... FYI.. unemployment/jobs is a lagging indicator.

 

[The Mark]

I'm intellectually superior to all economists... and its been proven every month, as economists consistently overrated Biden, and made late corrections.
The U.S. added 228,000 jobs in March, far more than the 140,000 economists had expected...

U.S. added 228,000 jobs in March, beating forecasts, as economists warn of turbulence

The surprise jump in hiring did little to cheer investors after Thursday's historic selloff, with analysts already saying last month's data reflects an economic reality Trump has upended.

www.nbcnews.com

It doesn't make sense to take a prediction which likely had less than a thousand people work on it, and use that as evidence all economists everywhere are wrong.

They aren't wrong because of this, they're wrong because many or most of them have yet to admit something, even to themselves.

And that is, the larger the wealth inequality gap grows, the more disconnected from the economy the stock market gets.

For the simple reason that when the majority of wealth is owned by a few people, there isn't anyone for them to invest in but each other.

 

[SNOWFLAKE]

I'm intellectually superior to all economists...

This thread is gonna look funny in a couple of months...

 

[ataraxia]

I'm intellectually superior to all economists... and its been proven every month, as economists consistently overrated Biden, and made late corrections.
The U.S. added 228,000 jobs in March, far more than the 140,000 economists had expected...

U.S. added 228,000 jobs in March, beating forecasts, as economists warn of turbulence

The surprise jump in hiring did little to cheer investors after Thursday's historic selloff, with analysts already saying last month's data reflects an economic reality Trump has upended.

www.nbcnews.com

When you shoot yourself in the foot, sometimes it takes a sec for the sting to start setting in. Hold on…

But when it does, take comfort in knowing you at least “owned the libs”…

 

[ClaraD]

I'm intellectually superior to all economists... and its been proven every month, as economists consistently overrated Biden, and made late corrections.
The U.S. added 228,000 jobs in March, far more than the 140,000 economists had expected...

U.S. added 228,000 jobs in March, beating forecasts, as economists warn of turbulence

The surprise jump in hiring did little to cheer investors after Thursday's historic selloff, with analysts already saying last month's data reflects an economic reality Trump has upended.

www.nbcnews.com

You don’t know how any of this works

 

[ClaraD]

Unemployment is now forecast to hit 5.3%…I think it will be more like 6.3%

 

[BirdinHand]

Jobs always lag.

They never lead.

 

[bongsaway]

All you leftists just can't see the blue sky through the thunderstorm like we on the right can.

S

 

[lynnwinslow]

I'm intellectually superior to all economists...

I'll bite.
Do you think you know more than economists because ... economists revised numbers?
Overall, how was the Biden economy, in your estimation?