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eigen | 8 months ago

> The numbers have been so consistently wrong in the same direction.

summary of mean revision for seasonally adjusted numbers, since 2003 are

2nd-1st: 8

3rd-2nd: 2

1st-3rd: 10

but 2025 has been consistently, so far, be negative revisions. Dec 2024 has some positive revisions but 2023-2024 on the whole was negative while 2017-2022 were on the whole positive revision. so I dont think that there is data to support consistently wrong in one direction.

https://www.bls.gov/web/empsit/cesnaicsrev.htm

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llm_nerd|8 months ago

Yet another B of L stellar job report just dropped. Once again "higher than expected" jobs.

Anyone want to take bets on how the revisions will go on this?