Is The Decline In Positive Payrolls Revisions A Warning Sign?
September 12, 2012 at 10:01 AM EDT
Most economic reports should come with a warning: the data is subject to revision. Today’s glowing number that’s the toast of the punditocracy is tomorrow’s statistical detritus. But if the world is always eager to move on to the next number du jour, and forget yesterday’s news, informed analysts recognize that monitoring the initial estimates [...]