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Unless I misunderstand you, you're citing a completely irrelevant factoid. Employment statistics are based on actual people working, not job ads posted. And the
by microtherion 2y ago
Unless I misunderstand you, you're citing a completely irrelevant factoid. Employment statistics are based on actual people working, not job ads posted. And the revisions [1] (which sometimes are upward) have nothing to do with ghost jobs, but are due to additional data coming in over time, leading to refinements of the original estimate[2].
[1] https://www.bls.gov/web/empsit/cesnaicsrev.htm https://www.bls.gov/web/empsit/cesnaicsrev.htm
[2] https://thedispatch.com/article/jobs-report-revisions-explained/ https://thedispatch.com/article/jobs-report-revisions-explai...
- johnnyanmac 2y agoMy implications are that companies are either lying and being readjusted from later audits, or government is choosing not to take data into account until later, where impact is lessened. It's not a "ghost job" in the modern meaning, but it does seem to be pretending there are a lot more jobs than in reality.