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Jobs Revisions Point in Opposite Directions. Pro-Democrat Bias Trend in the Establishment Number Continues.

Ekosj
@Ekosj
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I've pointed out before that the two jobs surveys often point in different directions. In fact, in every Democrat presidency, at least as far back as Carter, the headline Establishment Survey consistently reports more jobs created than the Household Survey. During every Republican presidency, the headline Establishment numbers are consistently less than the Household numbers. Today's jobs report is the first during the Trump presidency, so naturally....

The headline Establishment number disappointed. The headline number (after revisions) was up 143,000. The expectation was that it would be in the 170,000 neighborhood. The Household number (after revisions), on the other hand, was up 234,000. So, the trend continues. A Republican is in office and the headline number disappoints while the little-reported Household number is much better.

But the huge difference is in the revisions. The Establishment Report revised DOWN 2024 employment by 610,000. That's on top of the 818,000 revision for the period April 2023 - March 2024 which was reported in August. Meanwhile, the Household revision was UP ... and up by a huge amount... 2,000,000!!!

Establishment revisions:

Household revisions

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