Moody's Talks - Inside Economics cover image

In Defense of the BLS

Moody's Talks - Inside Economics

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Understanding Job Data Revisions

This chapter examines the recent job numbers for July, highlighting significant downward revisions in employment data and their implications for economic perception. It discusses the methodologies used by the Bureau of Labor Statistics, including the challenges and improvements in data collection and reporting during economic transitions. The conversation emphasizes the importance of understanding preliminary data releases and their adjustments to provide a clearer picture of the labor market.

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