Why the U.S. Jobs Report Is Always Wrong (Sort of) | WSJ

From Wall Street Journal.

President Trump fired the head of the Bureau of Labor Statistics because of revisions to the jobs number. The jobs reports usually have revisions as a result of companies delayed response times and other factors, but why were the recent revisions so large?

WSJ explores how the BLS collects data, why the recent revisions were so dramatic and what lies ahead for BLS data.

Chapters:
0:00 Trump fires BLS commissioner
0:50 How the jobs report is calculated
2:42 Why revisions are necessary
3:35 Influences

News Explainers
Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day’s biggest stories into bite-size pieces to help you make sense of the news.

#Jobs #Trump #WSJ