has been around (in it's current form) since the early '90s.
Here was the thread from last year - https://www.democraticunderground.com/10143294175 (same source - CNBC)
The way they characterized it last year was this -
Nonfarm payroll growth revised down by 818,000, Labor Department says
Published Wed, Aug 21 2024 10:37 AM EDT Updated Wed, Aug 21 20243:37 PM EDT
Jeff Cox
@jeff.cox.7528
@JeffCoxCNBCcom
(snip)
As part of its preliminary annual benchmark revisions to the nonfarm payroll numbers, the Bureau of Labor Statistics said
the actual job growth was nearly 30% less than the initially reported 2.9 million from April 2023 through March of this year.
(snip)
Meaning that the "actuals" for that period were "30% less" than originally reported (headlines) for that period. In that last year's report, they actually give you what the total of the "initial report" numbers were for the period, which makes it easier to get the calculation.
For some reason, most of the other sites reporting this data release this year (including CNBC, MarketWatch, Yahoo! Finance) were missing the TOTAL of what
was was originally reported during that period, in order to more easily compare and calculate the "x%" difference.
Here is a Barron's excerpt from today that actually gives the total of the "initial report" figures for that period to compare -
U.S. Added Nearly a Million Fewer Jobs. What It Means for Interest Rates.
By Megan Leonhardt
Updated Sept 09, 2025, 11:24 am EDT / Original Sept 09, 2025, 12:01 am EDT
(snip)
The Bureau of Labor Statistics reported on Tuesday that it marked down previously reported net payroll gains by 911,000 in the 12 months through March.
That means instead of adding about 1.8 million positions as originally reported, the U.S. economy created only 847,000 jobs. Economists’ estimates of how big the preliminary benchmark revisions would be varied widely, but most expected to see a reduction in previously reported monthly payroll growth.
(snip)
= new reply since forum marked as read