| ▲ | lisbbb a day ago | |
Not baseless--when you're so bad at your job that those huge revisions come in year after year, someone's head should roll. | ||
| ▲ | axiolite a day ago | parent [-] | |
You've drunk the kool-aid. BLS revisions are no fault of their own, and simply because businesses send in their data whenever they feel like it: "many businesses do not have their payroll data ready to report by the scheduled date that BLS initially releases the data." "BLS continues to collect outstanding reports from the businesses in the sample as it prepares a second and then a third estimate for the month. With each subsequent estimate, more businesses have provided their information." "and occasionally the revised data produce a different picture altogether." https://www.bls.gov/opub/btn/volume-2/revisions-to-jobs-numb... "the revisions aren’t mistakes. They’re a deliberate, transparent part of a statistical process designed to balance two competing goals: providing timely economic information while ensuring the greatest possible accuracy." https://govfacts.org/federal/labor/why-job-numbers-change-ho... | ||