They've been making up almost all the numbers since at least 2004.
If you look at things like jobs numbers, you will see that the headline grabbing current metric released in the current month is reported. Then over the next couple quarters they revise today's numbers down to something much less positive or exciting. The revised numbers on those prior reports are never reported to the public because that's old news now and besides there are new shiny numbers from the current month to report and these newer numbers look rosy compared to the revised numbers.
One anomaly to the above described pattern of goal seek positive and revise down afterward reports from the past 19 years is 2017 - 2020. During this odd period, there were multiple occasions where the report came out neutral or negative and was reported that way. In the next few months the prior reports numbers were revised upwards to sometimes be truly positive and impressive numbers. So the goal seek parameters were flipped around for Trump administration so the media could harp on fake negative economic news.
They've been making up almost all the numbers since at least 2004.
If you look at things like jobs numbers, you will see that the headline grabbing current metric released in the current month is reported. Then over the next couple quarters they revise today's numbers down to something much less positive or exciting. The revised numbers on those prior reports are never reported to the public because that's old news now and besides there are new shiny numbers from the current month to report and these newer numbers look rosy compared to the revised numbers.
One anomaly to the above described pattern of goal seek positive and revise down afterward reports from the past 19 years is 2017 - 2020. During this odd period, there were multiple occasions where the report came out neutral or negative and was reported that way. In the next few months the prior reports numbers were revised upwards to sometimes be truly positive and impressive numbers. So the goal seek parameters were flipped around for Trump administration so the media could harp on fake negative economic news.