logoalt Hacker News

jeffbeetoday at 6:12 PM2 repliesview on HN

Your comment is broadly misleading. In fact, I would say that "shadow stats" guys like you have enabled the destruction of the system by creating the space to cast doubt on the valid methods used by BLS. BLS unemployment metrics have a valid basis and where they differ from Eurostat those differences are minor and with rational basis (such as 16 vs. 15 year old starting age).


Replies

_heimdalltoday at 6:30 PM

It is tough, though, for me to fully buy labor statistics when it has become the norm recently for them to be revised down. This spans back into Biden's term as well so it isn't one party either.

With a valid measure I would expect a roughly even distribution over time between underestimates and overestimates. For a valid measure worth considering I'd also expect the stat to be released later when revisions are less likely because more actual data has been collected

show 3 replies
iugtmkbdfil834today at 6:20 PM

I don't say stuff like this very often, but are you actually blaming a victim for dealing with the reality of government bsing its own stats instead of the government that allowed this bs to continue? BLS had only one thing going for it and it is mostly that it was used for long enough time that changing methodology would prevent us from being able to compare it prior time ranges. That is it. Otherwise, the methodology itself is seriously flawed ( and likely was from get go, but these days, it is absolutely the worst possible mix of options ).

Honestly, your comment made me mildly angry. That said, can you say why you believe parent's comment is misleading?

show 1 reply