Over the years, I have frequently mentioned the ongoing data revisions of the employment numbers. So much so, that we maintain a list of the originally published employment numbers and the currently published numbers. We also highlight the change every month in our eTrends Newsletter (See Subscription box on Right) when the BLS releases its new numbers.
Last year, the BLS OVERESTIMATED employment in November and December 2024 by more than 1/2 million each month, i.e., 515,000 in December and 678,000 in November. But that was after declaring in February that they were overestimating employment by roughly that amount every month.
Data Fudging or Legit Revision?
Throughout 2023 and 2024, the BLS consistently published high employment numbers. But then, a couple of months later, when no one was paying much attention, they would adjust the numbers down by roughly half a million. [Read more…] about BLS Data Controversy