141–150 of 377 posts
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Are they ever revised higher? I'll wait...
No wait required; click the link I gave and you'll see the answer is "yes, definitely". Anything over the zero mark on the Y axis is an upwards revision.
Still waiting. Just find me one article that says "Last months BLS jobs were revised higher".
Meanwhile, Canada adds 75k jobs in the same month. > Gains were focused on the private sector, with strength in wholesale and retail trade, finance and insurance, and professional and scientific services. Public sector jobs fell by 14,500 amid an official bid to cut government spending. https://www.theglobeandmail.com/business/economy/article-can...
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No one with at least two brain cells to rub together thought the tariffs was going to make anything better.
I suspect that even his proponents knew better, they just didn't care as much about the economy as they did culture wars nonsense and religious woo-woo.
As a data scientist it is very frustrating to see a consistent lack of error bars on these numbers or any discussion about the magnitude of uncertainty around them by all news reports every time these numbers get released
What's actually being tracked by people using this data is the delta from previous years -- which, conditioning on the same collection methodology etc -- is more reliable.
The actionable piece of info is sign(delta)
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https://en.wikipedia.org/wiki/Baumol_effect Any sector that's resistant to productivity growth is liable to become bigger and bigger part of the economy.
I've seen on youtube how people said a major reason housing is a big employer and housing has not fallen in price is due to their industry's attitude and resistance to introducing technological advancements. in fairness also regulation makes it hard when it specificies the solutions not the parameters (just to illustrate the idea not an actual rule: you must have X thickness of PVC versus your pipe must withstand X p…
All of these have led to conditions where it is expected for an entire house to go from start to finish in 100 days. A house with very high standards of plumbing, electrical, hvac, insulation, and other essentials compared to previous generations.
govt is resetting the baseline now, so we will see some good numbers in November. it's all about optics for mid term.
Meanwhile, Canada adds 75k jobs in the same month. > Gains were focused on the private sector, with strength in wholesale and retail trade, finance and insurance, and professional and scientific services. Public sector jobs fell by 14,500 amid an official bid to cut government spending. https://www.theglobeandmail.com/business/economy/article-can...
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So perhaps we'll never get to a better healthcare+insurance market (nee "Free") through government, but eventually we will just all work in healthcare, and barter our nursing and dental skills in secret away from the insurance coders.
There will never be a better healthcare because the true cost of fixing a body more often than not far exceeds the value that body produces. People run to dismiss this with "well we need a different system then", but the problem is a fundamental one on par with "eating your cake and having it too". The only way to get as close as possible to "good" healthcare is to have enough money to pay for everything out of pocke…
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No wait required; click the link I gave and you'll see the answer is "yes, definitely". Anything over the zero mark on the Y axis is an upwards revision.
I did, You do not know how to read a graph. That line through the middel is just showing the trend of jobs numbers. Still waiting. Just find me one article that says "Last months BLS jobs were revised higher".
For a concrete example, as you request: https://www.cnbc.com/2026/06/05/jobs-report-may-2026.html
> In addition to the strong jobs numbers for May, revisions for prior months also presented an even better picture. The April tally represented an upward revision of 64,000, while March got a boost up to 214,000, a gain of 29,000.
https://www.nytimes.com/2025/08/06/business/economy/trump-jo...
> What has been unusual during the early months of Mr. Trump’s term is that the revisions have been consistently in the same direction: down.
You do not know how to read a graph, it seems.
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It's not just boomers (though they are the biggest part of it). Americans of all ages are spending more on healthcare, and seeking more healthcare interventions than in previous decades.
This isn’t surprising. The population overall is aging. Millenials are now the largest cohort and are approaching middle age. Until recently we’ve seen the number of insured individuals rise consistently and our medicine continues to advance. More older adults have access and need more healthcare