Posted
7:59 PM
by Robert
Pending Revision
One of the more curious aspects of reports of the recent
"weak job numbers" is the widespread failure of the media to note that such numbers are subject to revision - and have in fact been recently subject to substantial revision
upwards.
The nifty new
Senate Joint Economic Committee website goes into it more
here and
here and
here.
At a minimum, before spinning any significant thoughts on why jobs growth has been "weak" it would be wise to wait for the revision.