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Monthly jobs numbers have been revised downward byt the BLS in every month of 2023.
by jdkee 3y ago
Monthly jobs numbers have been revised downward byt the BLS in every month of 2023.
- clipsy 3y agoHere is the data: https://www.bls.gov/news.release/empsit.nr0.htm https://www.bls.gov/news.release/empsit.nr0.htm In particular, Table A shows that even with the downward revisions, the unemployment rate has been below 4.0% every month of the year (up through November); and in only one month (October) was the revision significant to increase the reported unemployment rate.
- jjtheblunt 3y agoWhat does that mean?
- clipsy 3y agoThe BLS revises monthly employment figures when it receives data late; in 2023, every month (except December which I think has not been revised yet) has been revised downward -- meaning fewer new jobs were added than initially reported. I'm not sure how it compares to previous years, but as I point out in my other post, it is not enough of a difference to push the unemployment over 4.0% at any point in 2023.
- deleted 3y ago[deleted]