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by TradingPlaces
659 days ago
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The biggest issue is that the model for births/deaths of employers was wrong and over-estimating the number of employers. This accounted for about half the revision. https://www.atlantafed.org/-/media/documents/research/public... This also means that the other side of the Jobs Report, the household survey, or CPS, is undercounting employment by ~3 million, but that one never gets revised. |
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