Will Job Numbers Keep Being Revised Down? | WHAT REALLY HAPPENED

Will Job Numbers Keep Being Revised Down?

Today’s report says that there were 681,000 jobs lost in December, 655,000 in January, and 651,000 in February. There does appear to be stabilization, perhaps even a slow improvement.

But Robert Barbera, the chief economist of ITG, points out a more disturbing trend: The Labor Department keeps concluding that its initial estimates were too optimistic.

Webmaster's Commentary: 

The government is clearly massaging the data, "1984" style, to create the best looking outcome.

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