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Our 2023 valentines
Planet Money
Revisions Are a Way to Split the Difference Between the Right Number and the Right Data
Revelations are a way for the BLS to split the difference between data about the economy right now and our desire to have the most accurate data possible. If you are making decisions about the economy or your business, you want to know as soon as you can that in December, the economy added 223,000 jobs. And then later, I'm going to give you data that isn't as timely, but it is more accurate. It's why we have revisions and it's why I love them.
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