Asian shares climb after blockbuster U.S. jobs report

The way and how information is published isn't controlled by the current administration. Everyone except Trump is "hands off" with those departments, since so many things depend on the most accurate numbers possible.

There are lots of ways that people can be uncounted. lots of ways that expenses can be inaccurate in a free society. People are free to move with no planning. When you leave 1 location, you don't tell the Govt. They get to figure it out some other way. Some huge payroll companies sell anonymized monthly data to the Govt. As their pay increases and decreases and the total number of people being paid changes for millions of people, that is a great statistical number which can be used to estimate the wider economy.

Anyone ever noticed that the Govt always says "non-farm labor" in their reports? That's because temporary farm workers fall into a different payment group and it is recognized that seasonality for those jobs matters. During harvest times, more people are employed on farms than in the middle of winter. During the spring, a few extra hands might be employed for a month to help get the fields ready, maintain/fix equipment for the new season, etc.

Expenses for each family are estimated by the Congressional Budget Office and a few other Govt agencies. Using Consumer Expenditure Surveys from the Burrow of Labor Statistics. There are other agencies doing similar work, from different perspectives, so with those multiple agencies each gathering data in slightly different ways, they need time to correlate and analyze what the data actually shows. Because humans are doing this, things aren't perfect. It is common for information estimated last month to be trued up later as more detailed data is provided to the govt through actual tax payments. Those tax payments take time, especially when some jobs only get paid monthly, not daily or weekly.

For people who get Social Security and other Govt retiree benefits, these numbers are extremely important because it determines how any cost-of-living indexed benefits are increased each year. It is important for the govt to get the data right because is impacts the over-65 retiree voters (and they vote).

"Asian shares climb after blockbuster U.S. jobs report."

Take it with a grain of salt, whatever comes from Joe's regime. If I recall correctly the data of March 2024, the Bureau of Labor Statistics (BLS) found that there were 818,000 fewer jobs than previously reported. The BLS, acknowledged they were way off on the number of new jobs created between March of 2023 and March of 2024 by almost one million or 30% which was five times their average margin of error. Going blindly with what comes from this establishment is economic hurricane.

owzerOct. 7 11:24 pm JST

surprisingly strong U.S. jobs report

Fact check please. (You guys do that, right?)

Wages could be up 30% over the last 3 1/2 years and yet you'd still be living with less buying power than before.

That's why they publish real wage data. Real wages have barely gone up but they haven't gone down.

We've been doing really well except for about 6 months in 2020 ... while Trump was President. But then the stock market bounced back and has been going great for us. Nobody likes higher than normal inflation. That's been handled at this point. Wages will catch up, eventually. We're lucky/skilled since the cost of food or fuel never really mattered to us. Sure, food is 20% more costly now than it was pre-COVID, but is would be 10% higher due to normal inflation even without COVID (thanks China).

Much of our annual income is tied to the stock market and I expect that will continue until the day I die, regardless of who the President might be. With a sane President, the US economy chugs along with few real surprises. A nice, ride up with gains in the 10-14%/yr range.

With an insane President, we are constantly worried about the stupid things coming from his mouth and the illegal things he ties to order to allow businesses to destroy our land without any expectation they will be required to fully fund the clean up later.

Don't forget, the US just had a huge, costly, natural disaster that impacted about 10M people with 232 dead. That will cause hardships for the under-insured and a boon for everyone in the re-building businesses for the next 5 yrs. They will have more work than they can handle for years to come, which will lead to inflation in those areas and building industries.

surprisingly strong U.S. jobs report

Fact check please. (You guys do that, right?)

Wages could be up 30% over the last 3 1/2 years and yet you'd still be living with less buying power than before.

According to the Republican candidate the US economy is in shambles and we are a third world country.