Unfortunately I had a 'good' jobs forecast this AM as I was looking for 125K; we got 115K.
The previous two months were revised up by a net of just over 50K, and that is something. Revisions matter. But I do not like looking at the number 'net of revisions' and saying they are not as expected. They are not... In fact we learn buy looking at the numbers and looking a the revisions, as separate events. For example one thing the revision mean is that the drop off in April was WORSE than we
No comments:
Post a Comment