Payroll Employment (+22,000), Unemployment Rate (4.3%) Change Little in August

Posted4 months agoActive4 months ago

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Discussion around the release of August employment numbers and skepticism about the data.

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4 months ago

Are those the revised numbers (after the termination of the BLS commisioner this past month)?

> The US just wiped out -911,000 jobs in one revision.

> That’s 76,000 jobs per month that were never real.

> Even worse than the Great Recession’s revisions in 2009.

> Once a year, the BLS reconciles its survey estimates with the tax ledger. This process is called the benchmark revision.

> Most years, the difference is modest maybe a few hundred thousand jobs either way.

> This year, the correction was massive.

4 months ago

Oh man what poor government sap is going to get blamed for releasing these numbers?

ID: 45137767Type: storyLast synced: 11/17/2025, 10:13:34 PM

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