4 ms·
Payroll employment (+22,000), unemployment rate (4.3%) change little in August
- westurner 1y agoAre those the revised numbers (after the termination of the BLS commisioner this past month)? From https://www.threads.com/@thestockmarket.news/post/DOY2Cu8DP--?xmt=AQF0OVOyDt_wb3mP4RK8fytVI-gz6zqBnfpDCSBbF8tvuA&slof=1 https://www.threads.com/@thestockmarket.news/post/DOY2Cu8DP-... : > The US just wiped out -911,000 jobs in one revision. > That’s 76,000 jobs per month that were never real. > Even worse than the Great Recession’s revisions in 2009. From https://www.threads.com/@thestockmarket.news/post/DOY2FtejG1z?xmt=AQF0P3e7Xmzk92zfCqFL5frEHmdRMunOkV5qPnrMkqMilg&slof=1 https://www.threads.com/@thestockmarket.news/post/DOY2FtejG1... : > Once a year, the BLS reconciles its survey estimates with the tax ledger. This process is called the benchmark revision. > Most years, the difference is modest maybe a few hundred thousand jobs either way. > This year, the correction was massive.
- duxup 1y agoOh man what poor government sap is going to get blamed for releasing these numbers?