US economy created 818K fewer jobs than initially reported. How and why did it happen?

The U.S. Labor Department released a report in mid-August saying their original employment numbers were off by more than 800,000.

But what exactly does that mean? And what are the implications?

Experts say revisions and changes are normal as the original data is typically preliminary, but what is a little bit different in this case, is how much of a difference there was.

Full story: https://www.nbcmiami.com/news/local/the-u-s-reported-818k-fewer-jobs-in-august-how-and-why-did-it-happen/3415092/?os=0&ref=app#:~:text=The%20report%20said%20that%20its,A%20difference%20of%20818%2C000.

NBC 6 on Twitter: @NBC6 | www.twitter.com/nbc6
NBC 6 on Instagram: @NBC6 | www.instagram.com/nbc6
NBC 6 on Facebook: www.facebook.com/nbc6southflorida
NBC 6 on YouTube: www.youtube.com/nbc6southflorida

NBC 6/WTVJ was Florida’s first television station and has been covering news in South Florida for over 60 years. NBC 6 provides news, weather, traffic and sports during Today in South Florida, South Florida Today, South Florida Nightly News and South Florida Tonight.

Author: NBC 6 South Florida
Go to Source

News post in September 24, 2024, 3:02 pm.

Visit Our Sponsor’s:
News Post In – News

Author: Rich