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Assuming you mean: how do estimates and previous monthly turn out to be wrong and need correction? After the president fired the head of the BLS for publishing
by dcre 1y ago
Assuming you mean: how do estimates and previous monthly turn out to be wrong and need correction?
After the president fired the head of the BLS for publishing numbers he didn't like, there were a number of articles explaining why there are revisions.
https://www.axios.com/2025/08/01/jobs-report-july-2025-revisions https://www.axios.com/2025/08/01/jobs-report-july-2025-revis...
The short answer is that there are various data sources and the most detailed ones are collected less than monthly, so the estimates based on the most recently monthly data are often corrected based on the other data.
As for why estimates are off, the data used by the estimators are presumably themselves even lower quality than whatever BLS is using.