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In reply to the discussion: U.S. Added 164,000 Jobs in July; Unemployment Rate at 3.7 Percent [View all]progree
(10,901 posts)28. The numbers are seasonally adjusted, and that includes adjusting for seasonal hires in such
months compared to other months. Maybe I'm not understanding your point on the temp hires.
Not sure that the revisions are any greater in sign or magnitude than what I've seen in the past years since I've been doing this (since sometime before 2012). The payroll jobs numbers have a 90% probability of being within +/- 120,000, and that's just sampling error (there are other kinds of errors). http://www.bls.gov/news.release/empsit.tn.htm
But I am a big believer that things are slowing down.
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U.S. Added 164,000 Jobs in July; Unemployment Rate at 3.7 Percent [View all]
BumRushDaShow
Aug 2019
OP
Trouble in paradise - with the 41,000 downard revision, this month's report is only 123,000 more
progree
Aug 2019
#1
The numbers are seasonally adjusted, and that includes adjusting for seasonal hires in such
progree
Aug 2019
#28
Payroll employment increases by 164,000 in July; unemployment rate unchanged at 3.7%
mahatmakanejeeves
Aug 2019
#5
The revisions are in the same paragraph where they've been for years.
mahatmakanejeeves
Aug 2019
#10
Great Jobs Slowdown: Obama's last 30 mos: 220,000/mo, Feb - July 2019: 141,000/mo
progree
Aug 2019
#12
Labor Force Participation Rate -- dropped in 2019 (both the regular and Prime Age)
progree
Aug 2019
#16
Jobs #s should continue to be around this level as long as unemployment historically low
mathematic
Aug 2019
#18
From August 21, 2019. Adding to this thread: Announcement 2019 CES Preliminary Benchmark Revision
mahatmakanejeeves
Aug 2019
#30