Revisions are a common feature of any jobs report says former BLS commissioner
Revisions are a common feature of any jobs report says former BLS commissioner
Revisions are a “feature, not a bug” of any jobs report, former BLS commissioner told CBS MoneyWatch.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article's central claim about revisions being a normal part of jobs reports is accurate and supported by multiple sources. The article exhibits minimal bias, presenting a straightforward account of the former BLS commissioner's statement. However, the context surrounding the statement (Trump firing the commissioner) could introduce a slight slant.
Detailed Analysis:
- Claim: Revisions are a "feature, not a bug" of any jobs report.
- Verification Source #2: States that the jobs report is revised twice after the initial report, followed by an annual revision every February.
- Verification Source #3: Confirms that revisions to previous months are common.
- Verification Source #4: States that monthly revisions result from additional reports received.
- Verification Source #5: Implies revisions are expected due to sampling error in BLS surveys.
- Assessment: Supported. Multiple sources confirm that revisions are a standard part of the jobs reporting process.
Supporting Evidence/Contradictions:
- Source 2: "...revised twice after the initial report — followed by an annual revision every February."
- Source 4: "(Monthly revisions result from additional reports received from...)"