When the economy is holding steady, the jobs numbers only need small revisions.
When the economy is going up or down, the model lags, so the revisions when actual data comes in are bigger.
Larger revisions are a sign that the economy is going up or down faster.
K
kathmandu@stranger.social
@kathmandu@stranger.social
A forum for discussing and organizing recreational softball and baseball games and leagues in the greater Halifax area.
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Our president just fired the Labor Secretary because the most recent jobs numbers didn't match his feelings about how good the economy is.