U.S. economy added 178,000 jobs, beating the consensus 51,000 forecast. Forecasts ranged from -25,000 to 75,000, though prior month was revised down to -133,00.
Manufacturing added 15,000.
U-rate fell B/C labor force participation fell to 61.9. Wages fell from 3.8% to 3.5%. The employment-population ratio is now just 59.2.
Unemployment fell because of labor force exits. That's how the methodology of the employment situation report works.
Strong job markets such as the one during Trump 1.0 show increasing participation rates and ratios AND declining U-rates.
Also, March jobs went to foreign born.
The Relative Performance Index (RPI) still came in at +42 given how weak expectations were for the monthly employment situation report.
FYI, a reading above zero means that the economy in general has been performing more strongly than expected and vice versa for a reading below zero. The closer is the value to the maximum (+100) or minimum (-100) levels, the greater is the degree to which markets have been under- or over-estimating economic activity. A zero outturn would imply that, on average, the market consensus has been correct. Note too that the index is sensitized to place extra weight upon those indicators that investors consider to be the most important.
So...
This video was hours ago and internet wasn't enough apparently. But that's okay because I have to provide an update.
I am currently at Andrews AB. Might as well stay in DC area for the night. Have out. Get a rental in the am and head home.
I will be backed up but @RobertBarnes and I are doing a Friday Poll Special.
We will have a lot of drops.
Nate Silver thinks he’s smarter than everybody. He goes in and says this poll is credible, these right-wing pollsters are fake and these left-wing pollsters are great.
He weighted Wedgewood, a FAKE firm, higher than the New York Times, higher than Quantus, higher than Mark Mitchell! This is why his model gets humiliated year after year.
We need a complete overhaul of this industry.
Watch Live 3:00 PM EST — Robert Barnes and Rich Baris discuss in detail bombshell results within the Public Polling Project for Early Spring 2021, and more civil unrest amid the trial of Derek Chauvin for the death of George Floyd.
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Hey guys,
I'm going to pin this here. I've gotten a lot of questions about 1) the hardcover not on other distributors and 2) audiobook.
1) Yes, the hardcover as of now is only available on Amazon.
2. The audiobook has been submitted. It's out of our hands and up to Audible now. It'll just pop up on Amazon when it is available and if I see it first, I'll let you know.
Also, do not forget to leave a review if you liked it. As you can see, there are certain "MAGA" mad at me and just attacking me personally in reviews.
https://www.amazon.com/Burn-Down-Polls-Americans-Really/dp/B0HJRZ7JGR/ref=tmm_hrd_swatch_0
So I decided I do not like Eric Erickson. I saw him on 2Way this morning. Mark Halperin has a topic I do not care for, “Why does everyone dislike JD Vance?” Eric Erickson said he only appeals to young white males and is basically a chauvinist and racist. God forbid we have a candidate with appeal to the most alienated demographic in two generations. Completely ignoring his wife is subcontinent Asian-Indian. Next, Erickson said John Thune was the winner of the week because basically Republican voters are too stupid and unsophisticated to understand the role of a Senate Leader. I don’t think Eric Erickson is in touch with the electorate, and what is really going on from the call ins of self selected focus group to his show.
Watching people attempt to "unskew" polls conducted by all walks of this industry—ranging from Nate Cohn at The New York Times to Spencer Kimball at Emerson College to Tim Malloy at Quinnipiac—all to deny Donald Trump's gains against Joe Biden with various voting blocs, is more than a little sad.
The slew of recent polls over two weeks—to include no less than four today alone—have simply confirmed prior findings published from other pollsters who have previously been "unskewed". That includes your's truly and our work at BIG DATA POLL, Mark Penn at Harvard University, Patrick Ruffini at Echelon Insights, and many others.
I'm temped to equate this with an Occam's razor-like situation. But this debate is more about likelihood than simplicity.
Here's the Presidential Vote Preference Trend for Biden v. Trump going back to August 2020. The Public Polling Project did not begin asking the Rematch Question for 2024 until September 2021. However, we can still make some pretty important and interesting observations.