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re: Private Payrolls Estimated To Rise by 2.37 Million in June, May Revised Up By 5.2 Million
Posted on 7/1/20 at 10:46 am to goofball
Posted on 7/1/20 at 10:46 am to goofball
quote:So the initial report showed a DECLINE in payrolls of -2,760,000 and the revised report showed an INCREASE of +3,065,000 for a net error of almost +6,000,000?!?
Data for May was revised up to show a 3.065 million rise in payrolls, instead of the previous estimate of a 2.76 decline.
1
Posted on 7/1/20 at 1:58 pm to LSURussian
quote:
So the initial report showed a DECLINE in payrolls of -2,760,000 and the revised report showed an INCREASE of +3,065,000 for a net error of almost +6,000,000?!?
With the pandemic, I guess they don't really have a way to accurately do this. The impact of the pandemic on the economy was very lopsided with a heavy hit to restaurants, bars, hotels, and airlines. Other aspects of the economy were not impacted as badly and seem to be recovering very quickly.
This post was edited on 7/1/20 at 2:00 pm
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