Economic Charts

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Wednesday, September 8, 2010

Employment Revision Confusion

Our friends at did an analysis of the BLS jobs reports.  The Analysis shows a chart that has unemployed over hired in July that would account for 168,000 jobs lost in July, not the revised down 54,000 jobs (using data from the BLS itself).  This is very confusing as to why the BLS then revised down to the 54,000 jobs.  Using the 168,000 jobs lost data into the unemployment rate would have created a higher rate of unemployment making the economy look worse.  This goes to show that the numbers being produced seem to be fictitious at best.  [ Read more ... ]

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