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Day: August 22, 2024

The BLS Revision

The recent BLS revision has caused a stir. Please take 2 minutes to read it.

Every economist with skills knows that the BLS is fully transparent as to methods and results. Every skillful economist knows that dealing with numbers about a US labor force measured at over 150 million people it is a professional attempt at an estimation to obtain clarity. And every economist worth his/her salt knows that there is neither a conspiracy to hide data nor a political conspiracy to influence elections.  

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