13 points | by JumpCrisscross 13 hours ago ago
3 comments
Last year's gains of 1.5M jobs created was revised down to just 150k. Can anyone explain to me why that happened and why this isn't the same?
https://www.msn.com/en-us/money/markets/largest-jobs-revisio...
There are multiple data sources. The faster ones are less accurate than the ones with more lag time, so the governments policy has always been to use the fastest data and modify it as better data comes in.
The bulk of the gains (~70%) were in
Leisure and hospitality (+70k) Health care (+35k), and Social assistance (+12k)
Not exactly great news for the medium to long term.
Last year's gains of 1.5M jobs created was revised down to just 150k. Can anyone explain to me why that happened and why this isn't the same?
https://www.msn.com/en-us/money/markets/largest-jobs-revisio...
There are multiple data sources. The faster ones are less accurate than the ones with more lag time, so the governments policy has always been to use the fastest data and modify it as better data comes in.
The bulk of the gains (~70%) were in
Leisure and hospitality (+70k) Health care (+35k), and Social assistance (+12k)
Not exactly great news for the medium to long term.