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Are those the revised numbers (after the termination of the BLS commisioner this past month)? From https://www.threads.com/@thestockmarket.news/post/DOY2Cu8DP-
by westurner 1y ago
Are 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.