Completely rewrite the following article in a fresh and original style. Ensure the new content conveys the same sentiment and message as the original. The rewritten article should:
- Start with a compelling introduction that hooks the reader (do not label this section).
- Maintain any lists and points as they are, using numbering and bullet points where necessary. Rewrite the explanations and discussions around these points to make them fresh and original. Ensure the lists are formatted correctly with proper numbering or bullet points.
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Organize the content into clear, logical sections. Subheadings are not mandatory. Each section should have a subheading only if it enhances readability and comprehension.
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End with a strong conclusion that summarizes the key points and provides a closing thought or call to action (do not label this section).
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Ensure it is formatted properly with adequate line spacing
Make sure the article flows coherently, is engaging, and keeps the reader interested until the end. Reorganize and structure the content efficiently to enhance readability and comprehension. Use varied sentence structures and vocabulary to avoid monotony. Avoid directly copying any sentences or phrases from the original content. Here is the original content:
Remember when Heritage Foundation’s EJ Antoni posted on X this graph?
Well, I think a lot of the puzzle has been resolved with new population controls, and the benchmarked NFP, plus taking into account the fact that coverage differs, with civilian employment covering farm workers and self-employed. Note below I use the civilian employment (CPS) series adjusted to NFP concept for comparability.
Figure 1: NFP December 2024 release (blue), NFP January 2025 post-benchmark revision release (bold dark blue), household survey employment adjusted to NFP concept December 2024 release (tan), household survey employment adjusted to NFP concept incorporating smoothed population controls and reported January 2025 observation (bold dark red), all in thousands, s.a., on log scale. Source: BLS via FRED, Bls1, BLS2.
Hence the 12 month differential growth gap that EJ Antoni mentioned (for NFP vs. total civilian employment) for October 2024 of 2 million has shrunk to 0.9 million. The 12 month differential as of January 2025 is -0.063 million.
I tried to get this point to him repeatedly in the past, to no avail.
And yet, Dr. Antoni is still claiming that Biden bequeathed to Trump a terrible economy…
This entry was posted on February 14, 2025 by Menzie Kent.
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