Jobs Report Adjusted Up!

8/3/18
 
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from Rush Limbaugh,
8/3/18:

RUSH: We’ve got the jobs report out now, and we have a record number of Americans employed: 155,965,000 in June. That’s the 11th record-setting, jobs-related statistic under Donald Trump. The 11th record.

And this number, this 157,000 number, will probably be revised as well. So Kudlow is out saying that if you look at the revisions that have been made… These are estimates. Nothing’s new about this. These are estimates. They have to put this number out because, well, it’s demanded. But then, as more data rolls in, as time goes on, we get a more accurate picture. Sometimes they get revised down. That happened a lot during the Obama administration. They released numbers; then we found out it wasn’t quite as good.

This happened with gross domestic product I can’t tell you how many times, and it caused a number of us to actually wonder, if you can believe it, whether or not the Obama administration would fudge the numbers. We couldn’t believe that!

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