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I'm not an expert at quantifying the magnitude of how bad that is, but revision down is not something "exceptional". The numbers have been revised down consiste
by hobofan 2mo ago
I'm not an expert at quantifying the magnitude of how bad that is, but revision down is not something "exceptional". The numbers have been revised down consistently since ~2022: https://www.nytimes.com/2026/03/06/business/economy/economy-data-revisions.html https://www.nytimes.com/2026/03/06/business/economy/economy-...
- camdenreslink 2mo agoIt does make you wonder if the July shedding of jobs could be lowered even further to ~100k+ jobs lost (since they revise down very consistently).
- hobofan 2mo agoYeah, that wouldn't be a surprise. It looks to me like a failure of the American media landscape, that such constant revisal trends are not called out in the reporting of new numbers. That just makes them a mouthpiece of the government.