2 ms·
Where there are corrections, they often tend to be correlated and in a consistent direction. e.g. Feb 2023: > Overall, revisions to monthly growth in 2022 mea
by lamontcg 2y ago
Where there are corrections, they often tend to be correlated and in a consistent direction.
e.g. Feb 2023:
> Overall, revisions to monthly growth in 2022 meant 311,000 more jobs were added last year than previously reported.
https://www.businessinsider.com/job-growth-unemployment-rate-recession-outlook-january-jobs-report-2023-2 https://www.businessinsider.com/job-growth-unemployment-rate...
The surveys often seem to minimize both booms and busts, and the revisions tend to reinforce the trend.