There ALWAYS have been jobs report revisions. Because that's how this sort of data collection works. It doesn't mean someone messed up the first time or "rigged" the numbers. Historical data: https://t.co/uky9361SeB
FThere have ALWAYS been significant jobs report revisions. Because that's how this sort of data collection works. Here's the info: https://t.co/uky9361SeB
It's bizarre how widely this falsehood has become accepted on the right. The BLS' initial estimate was revised upward, not downward, in 6 of 12 months last year. https://t.co/Skb7j2gfpF
Recent data from the Bureau of Labor Statistics (BLS) revealed a downward revision of 253,000 jobs in payroll employment over two months, marking the largest adjustment since at least 1979, excluding April 2020. This has sparked debate about the accuracy and political implications of BLS job data revisions, especially since 2024. Analysts note that while revisions can be substantial, they are a routine part of labor market data collection and do not necessarily indicate errors or manipulation. Historical patterns show that initial employment estimates are frequently revised, sometimes upward and sometimes downward, reflecting the complexities of gathering accurate employment statistics rather than political bias or misconduct.