>> If the government-approved numbers are this bad the real ones must be catastrophic.
Sadly my first thought was not to trust this report. The article even notes further down:
>> The US central bank would typically respond to a weakening labour market by cutting borrowing costs, in hopes of giving the economy a boost.
Our fearless leader has put enormous pressure on the Fed to lower interest rates from day 1. They keep refusing, and following the data so it makes sense (if you don't care about reality) to alter the data to get the desired result.
Sadly my first thought was not to trust this report. The article even notes further down:
>> The US central bank would typically respond to a weakening labour market by cutting borrowing costs, in hopes of giving the economy a boost.
Our fearless leader has put enormous pressure on the Fed to lower interest rates from day 1. They keep refusing, and following the data so it makes sense (if you don't care about reality) to alter the data to get the desired result.