Revisions Take the Spotlight
The big news in today's employment report is the revisions to prior months.
The report showed that the economy added 157,000 new jobs last month, about in line with consensus forecasts. The unemployment rate was 7.9%, just a little higher than last month's 7.8% rate. But the job growth for November was revised to up 247,000 from up 161,000 and the change for December was revised to up 196,000 from up 155,000. And in the annual benchmark revision process found 647,000 more jobs in total over the past 12 months, bringing the total number of working Americans to 134.668 million from 134.021 million....456 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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