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US Jobs Pickup May Keep Fed on Track to Hike Rates Again (www.bloomberg.com)
submitted 1 week ago by [B] to c/hackernews@lemmy.bestiver.se
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[–] 0 points 1 week ago (2 children)

lol no, they did not

And revision rates are generally downward because of how the survey process works.

Here’s the history of revisions: https://www.bls.gov/sae/tables/revisions/

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  • [–] 1 point 1 week ago

    That doesn't really explain why the revisions are generally downwards. It just explains that there's a preliminary estimate and then a final estimate and then a yearly comprehensive report. So why are you saying revisions are generally downwards because of the process? All I'm seeing is that when jobs are trending down, it's hard to estimate the amount of jobs because we're expecting a higher amount of jobs based on historical data, while the actual amount is trending down.

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