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2
Posted on 3/8/24 at 11:19 am to TheWalrus
quote:
I’d understand revising it by a few thousand jobs but how the hell are the initial numbers that far off?
Job market is a mess. The above posts about part time jobs and illegal immigrant jobs has a lot of truth to it.
Household survey is far less volatile. The uptick in unemployment and the lack of labor participation is the story today.
Posted on 3/9/24 at 1:18 pm to TheWalrus
quote:Looking at the chart Pezzo posted that was supposed to be so scandalous, the initial estimates for the 14 months were off by about 13% in aggregate. That seems pretty damned accurate to me. They basically said there were 3.5 million jobs and it turned out over time to "only" be 3 million.
I’d understand revising it by a few thousand jobs but how the hell are the initial numbers that far off?
Seems like the wrong conspiracy talking point to run with.
This post was edited on 3/9/24 at 1:22 pm
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