STATISTICAL SKEPTICISM
07/02/2025 |
June net employment growth will be reported 7/3/25. Importantly, the number that comes out is preliminary. There’ll be a first revision in August, a second revision in September. In August there will also be a preliminary “benchmark” revision (based on the Quarterly Census of Employment and Wages, and which is likely to be quite negative) for data for the year ending 3/24 followed by a final benchmark revision in 2/26.