What would be the point of the deception? To keep rates high? Politically it would be very stupid (dropping a bomb 100 days before a national election).
So this is the first time I've seen it on the front page of the NYTimes. The Biden administration has been doing this consistently for years now and normally it's buried deep inside.
EDIT: actually it's nowhere to be found on the front of nytimes.com, which is dedicated to the DNC. You have to scroll to get it. Whereas the positive jobs reports are often the headliner.
It's not a conspiracy. It's just something I've noticed when talking to people. They will happily cite the jobs number that came out in the original report and then look blankly at you when you mention the revision. To me that indicates an imbalance.
Im having a hard time taking this comment seriously when this article is on the front page
Also as far as I know historically, the Govt always publishes revisions publicly. It's just that people dont know about it and dont really care to learn.
I never said the gov't doesn't publish them. I just said papers don't report them prominently. This is the first time I've seen it on the front page, despite similar corrections being made.
EDIT: actually it's nowhere to be found on the front of nytimes.com, which is dedicated to the DNC. You have to scroll to get it. Whereas the positive jobs reports are often the headliner.
> I just said papers don't report them prominently.
News, especially bad news (and when it comes to financials, news that falls outside expectations), is what gets reported. These revisions down are all over the news today.
