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Does anyone have skepticism about this, given there are often revisions that are quietly made later?
by shrubble 3y ago
Does anyone have skepticism about this, given there are often revisions that are quietly made later?
- mdorazio 3y agoNo. The revisions average out quite well, as you can see from BLS's report on this exact topic: https://www.bls.gov/opub/btn/volume-2/pdf/revisions-to-jobs-numbers.pdf https://www.bls.gov/opub/btn/volume-2/pdf/revisions-to-jobs-...
- numbsafari 3y agoThe revisions are included in this same announcement.
- mooreds 3y agoI think the fact they revise the numbers is a positive. Gives me more faith they are trying to paint the most accurate picture they can. However, I understand your point. News sites rarely trumpet the revisions, only the headline number. So it behooves you (or others) to dig into the numbers and include things like the revisions or what it means that some sectors are doing better than others. (If all the growth is in low-wage service jobs, that means a different kind of economy than if all the growth is in health care jobs or housing related jobs.)