07
Feb
0 No comments

Many commentators missed the effect of the revisions to the prior data had on the headline Establishment number. Much was made of the fact that the headline number was well above the consensus estimate of a gain of 164,000 jobs. The number net of revisions that you see below the chart is a much better descriptor of the current dynamic in the labor market. Savvy readers of the jobs report always look past the headlines.

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