A Large, but Small Revision
Column Published in syndication September 04, 2019

Every year, the Bureau of Labor Statistics (BLS) revises its employment estimates based on surveys, which is the source of the widely reported monthly job gain and loss statistics, to sync it to a more comprehensive dataset. This time around, the preliminary results suggest that the revision is likely to cause a reduction of more than half a million jobs. The final changes will be implemented early next year, just in time for election madness.