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this post was submitted on 06 Sep 2024
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Economics
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The job numbers have been revised in a downward direction pretty consistently[1]. The year over year numbers from the BLS were revised massively downwards a few weeks ago, by 800,000 jobs.[2]
[1] https://www.msn.com/en-us/money/careers/the-biden-admin-has-overcounted-new-jobs-almost-every-single-month-this-year/ar-AA1jlasf
[2] https://www.cnbc.com/2024/08/21/nonfarm-payroll-growth-revised-down-by-818000-labor-department-says.html
Ah I see, I’m confusing unemployment rate with the jobs top line figure. Thank you.