https://www.cnbc.com/2020/07/01/adp-priv...-2020.html
Has anyone else noticed how employment figures were almost invariably revised downward in the Obama administration and almost always revised upward in the Trump administration?

In any event, it is very good news.

"Private payrolls rose by 2.369 million in June, a bit below the 2.5 million estimate from economists surveyed by Dow Jones, according to ADP.
May’s number saw a stunning revision, going from an initially reported loss of 2.76 million to a gain of 3.065 million.
Hospitality industry workers saw the biggest gain, with 961,000 hires, while small businesses overall added 937,000...."

(07-01-2020 11:14 AM)bullet Wrote:  https://www.cnbc.com/2020/07/01/adp-priv...-2020.html
Has anyone else noticed how employment figures were almost invariably revised downward in the Obama administration and almost always revised upward in the Trump administration?

In any event, it is very good news.

"Private payrolls rose by 2.369 million in June, a bit below the 2.5 million estimate from economists surveyed by Dow Jones, according to ADP.
May’s number saw a stunning revision, going from an initially reported loss of 2.76 million to a gain of 3.065 million.
Hospitality industry workers saw the biggest gain, with 961,000 hires, while small businesses overall added 937,000...."

WTF!????!

Stunning? Hell, thats a net change of 6 million jobs. Thats more jobs than most presidents ever see added during 8 years. And this is a one month revision.

oh, and Tom used to do employment stats during Obama. Every month he'd be stroking to the fact that hundreds of thousands of people gave up looking for work and it drove down the unemployment number. Apparently that was something to be excited about back then.