BLS job revisions show every job report in 2021 was total garbage

MishTalk/Mish Shedlock/2-4-2022

“The BLS will counter that the error rate is tiny. It is, if you divide by the total number of jobs. … Yet, in the monthly gain-loss report, which every economist watches, the revisions are not only huge, but ongoing.”

USAGOLD note: Let me ask what has become one of the more enduring questions of our time: Is a market properly valued if it trades on statistical fiction?