And about those Job Numbers
Posted: Wed Aug 21, 2019 4:23 pm
Turns out a half million of them don't exist... ooops?
U.S. created 500,000 fewer jobs since 2018 than previously reported, new figures show
U.S. created 500,000 fewer jobs since 2018 than previously reported, new figures show
Turns out hiring wasn’t nearly as strong in 2018 and early 2019 as the government initially reported — by about a half-million jobs.
The U.S. economy had about 501,000 fewer jobs as of March 2019 than the Bureau of Labor Statistics initially calculated in its survey of business establishments. That’s the largest revision since the waning stages of the Great Recession in 2009.