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Initial Jobs Reports from BLS are Very Good At Identifying Downturns in the Labor Market – Economist Writing Every Day
https://economistwritingeveryday.com/2025/08/13/initial-jobs-reports-from-bls-are-very-good-at-identifying-downturns-in-the-labor-market/
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Yesterday I showed that BLS jobs reports from the CES aren’t getting worse over time, if we judge them by how much they are later revised. In fact, they are much better than decades past, wit…