The Jobs Data You Trust? It’s Just a Survey And the Revisions Are Late Homework

I’ve been sounding the alarm for years about the inaccuracy of the BLS jobs report compared to actual ADP data.

Two months ago, the red flags were clear: ADP reported 33,000 job losses, while BLS claimed 144,000 new jobs. Something didn’t add up.

What’s frustrating is that Fed policy leans heavily on the BLS report, even though it’s deeply flawed—not politically, but structurally.

The BLS relies on surveys sent to businesses without a firm deadline, and revisions happen because companies submit their data late, like turning in homework past due.

OPEC+ plans to increase output by 547,000 barrels per day starting in September — possibly bracing for a shift if India pulls back on Russian oil purchases.

Oil prices matter. They ripple through the entire economy, impacting everything from manufacturing to shipping. It’s a key piece of the inflation puzzle.

Rates moved lower Friday and again today — let’s hope this trend continues!
(Heads up: Green is good lower rates)

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