Just to clarify my observations: from January 23 thru October 23 the initial jobs reports showed a total increase of 2,725,000 jobs but after the second revisions downward each month, the total number dropped to 2,308,000 for a difference of 417,000 jobs in ten months.
I do not trust the jobs numbers as over the last couple of years the initial reports are always downgraded twice. I believe the initial reports are grossly inflated.
Just to clarify my observations: from January 23 thru October 23 the initial jobs reports showed a total increase of 2,725,000 jobs but after the second revisions downward each month, the total number dropped to 2,308,000 for a difference of 417,000 jobs in ten months.
I do not trust the jobs numbers as over the last couple of years the initial reports are always downgraded twice. I believe the initial reports are grossly inflated.