ICYMI: Should We Be Worried About Jobs Report Revisions?
We Discuss:
🔶 How the BLS collects & revises jobs data
🔶 Why revisions don’t mean the data is “broken”
🔶 The immigration squeeze on labor supply
🔶 Inner workings of claims, JOLTS & surveys
@EconBerger @fejau_inc
Timestamps:
00:00 Intro
01:10 How Does BLS Gather Data?
04:40 Why Do We Have Revisions?
13:48 How to Think About the Data
18:16 Immigration Impact
26:55 Weekly Claims Data
37:24 JOLTS Data
43:10 The Beveridge Curve
46:35 Business Trends & Outlook Survey
51:07 Where is the Labor Market NOW?
53:40 Final Thoughts
Links Below ↓
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The IPO price was $37.
Will have more in today's @ForwardGuidance ...
🎙️NEW POD: Should We Be Worried About Jobs Report Revisions?
We Discuss:
🔶 How the BLS collects & revises jobs data
🔶 Why revisions don’t mean the data is “broken”
🔶 The immigration squeeze on labor supply
🔶 Inner workings of claims, JOLTS & surveys
@EconBerger @fejau_inc
Links Below ↓
AIRING TOMORROW
Off the back of a BLS commissioner shake up, large NFP revisions and a grim jobs report, I sit down with the best labor economist I know @EconBerger to get some signal beyond the noise. @ForwardGuidance