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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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[–] 4 points 1 week ago* (last edited 1 week ago) (4 children)

They keep having to revise these numbers downward because they're not accurate.

Edit: August was revised down from 162,000 to 133,000. July was revised from +21000 to -10000. The September revision hasn't been done yet.

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  • [–] 1 point 1 week ago (3 children)

    Yah, didn't they revise 2025 job growth down by like 90%? No possible way to be off by that much without purposeful intention

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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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