Why the ‘Jobs Number’ Is Always Wrong—And Why Wall Street Pretends Otherwise
Another month, another jobs report—another round of institutional gaslighting.
Wall Street’s favorite economic indicator keeps missing the mark. But hey, why fix a broken metric when you can just move the goalposts?
Here’s the dirty secret: The ‘jobs’ number is a lagging indicator dressed up as real-time insight. By the time it’s printed, the algorithms have already front-run the ‘surprise’.
Meanwhile, Main Street gets whiplash from revisions that would get a crypto trader liquidated. But in traditional finance, bad data is just ‘noise’—until it’s convenient.
Funny how the same institutions that dismiss Bitcoin volatility will stake billions on a government spreadsheet that’s always wrong. The ultimate HODL strategy: clinging to outdated economic models.
