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And they'll probably revise it down as time goes on -- https://www.bls.gov/web/empsit/cesprelbmk.htm https://www.bls.gov/web/empsit/cesprelbmk.htm Particularly
by lettergram 3y ago
And they'll probably revise it down as time goes on -- https://www.bls.gov/web/empsit/cesprelbmk.htm https://www.bls.gov/web/empsit/cesprelbmk.htm
Particularly, in 2023 the reports appear fairly off, not really sure why
https://www.nytimes.com/2023/08/23/business/economy/us-job-growth.html https://www.nytimes.com/2023/08/23/business/economy/us-job-g...
But it's not uncommon to see a few percent change, but in March 2023 for instance, we saw an adjustment of >300k fewer jobs just for that month.
- xnx 3y agoNumbers for July and August were both revised up: https://www.nytimes.com/live/2023/10/06/business/jobs-report-september-economy https://www.nytimes.com/live/2023/10/06/business/jobs-report...
- TradingPlaces 3y agoBut he has hit a key issue which is that final response rates are normal, but historically low for the first survey, so revisions are actually more important now
- TradingPlaces 3y agoThe March revision is for the entire year, so divide by 12 for the monthly average.
- readthenotes1 3y agoApparently seasonal adjusting is fishy... https://twitter.com/VPatelFX/status/1710274447251243477?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1710274447251243477%7Ctwgr%5E0f6ca74524c337d6049a1177f5d3ef5e8f0d997b%7Ctwcon%5Es1_ https://twitter.com/VPatelFX/status/1710274447251243477?ref_...