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There’s a larger revision in 2021, but it happens to be in the other direction. The adjustment was less than 1% on data that is always adjusted as far as I can

There’s a larger revision in 2021, but it happens to be in the other direction. The adjustment was less than 1% on data that is always adjusted as far as I can tell. Pre-Covid the adjustment in this story, https://www.marketwatch.com/story/us-created-500000-fewer-jobs-since-2018-than-previously-reported-new-figures-show-2019-08-21 https://www.marketwatch.com/story/us-created-500000-fewer-jo..., was 500k jobs. Given the history of this type of figure and reporting I don’t buy that argument at all. The correction is everywhere today, on all the news networks just as it has been in the past.

listenallyall 2y ago
It is always adjusted, but as noted, not always downwards, and almost never to this degree. Your claim about 2021 is incorrect. As far as 1%, nobody cares about the total number of jobs, the only thing that matters is the number added or lost. This revision corrects about a 40% overstatement over the latest full year of monthly reports. This is news for one day. A booming economy, massive job growth, etc has been the reporting for over a year. Do you expect the President to return to the convention and correct his own speech from Monday?