This blog attempts to educate people about how our economy works and to provide updates on what is going on in the economy that may affect them (See personal story at the bottom of the page). Neither this blog nor I are investment advisors, any opinions posted on this site are my own. Please seek a professional investment advisor to fit your personal investment goals.
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Wednesday, September 8, 2010
Employment Revision Confusion
Our friends at CalculatedRisk.com 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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