And could it be that Ancient Aliens helped build the Pyramids? Sure!

EJ Antoni links to article noting Senators Roger Marshall (R-KS),  Ted Budd (R-NC), Rick Scott (R-Fla.), Markwayne Mullin (R-OK) and Marsha Blackburn (R-TN) have jumped in to demand investigation of the BLS regarding the preliminary benchmark revisions:

Sen. Roger Marshall (R-Kan.), who is leading the charge, said the public deserves an investigation into whether the numbers were intentionally fudged to boost the Harris-Biden administration.

“Using taxpayer dollars to mislead the public for political gain is an outrageous betrayal of trust and one of the reasons Americans have lost all faith in this Administration,” Marshall told The Post.

Dr. Antoni should know better. Here’s a time series plot of the benchmark revisions, expressed in % terms (employment is growing over time, after all).

Figure 1: Preliminary benchmark revisions, in % of original employment estimate (blue). Red dashed lines

Keep reading this article on Econbrowser Blog - James Hamilton & Menzie Chinn.

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