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progree

(12,240 posts)

11. Biggest Job Revisions Since 2020 Expose Pitfall of Economic Data

Reply to Wiz Imp (Reply #9)

Sun Aug 3, 2025, 07:14 PM

Aug 3

Biggest Job Revisions Since 2020 Expose Pitfall of Economic Data
https://www.democraticunderground.com/?com=view_post&forum=1014&pid=3505898

Checking against private sources sounds smart, but warning: they normally vary a great deal from the BLS numbers.
Also, BLS's big difference in employment statistics between Establishment Survey and Household Survey
https://www.democraticunderground.com/?com=view_post&forum=1014&pid=3506135

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mahatmakanejeeves

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Highlight:

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Or Walt Nauta in that position.... Bengus81 Aug 3 #2

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A person of knowledge, class, and distinction Prairie Gates Aug 3 #6

The payroll job growth numbers were ALL POSITIVE!, and grew 284% over the last 2 months, MAGA! progree Aug 3 #8

Every time one of these Trump idiots opens their mouth they show that nobody in this administration has any clue about Wiz Imp Aug 3 #9

Needed to add - unlike what this idiot Hassett said, monthly revision to the data are NOT corrections. Wiz Imp Aug 3 #10

Sampling error per BLS technical note. And non-sampling error progree Aug 3 #12

So those revisions for May and June were pretty much within the 90% confidence interval. Wiz Imp Aug 3 #14

Thanks, I ETA'd my #12 above nt progree Aug 3 #15

Biggest Job Revisions Since 2020 Expose Pitfall of Economic Data progree Aug 3 #11

As I mentioned on Friday, large monthly revisions are often a sign of a turning point in the economic cycle. Wiz Imp Aug 3 #13

"Reacts" feels like a stretch. maxsolomon Aug 4 #16

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