View: STA-Employment-Index-120712.PNG (716×496)

STA-Employment-Index-120712.PNG (716×496)

What is important to remember is that the BLS only publishes revisions to the prior two months even though it has data for months prior. This is why the annual revisions to the employment data can be significant. Furthermore, given the weakness in the employment components of the major economic surveys, as shown by my composite employment index, we should expect to see negative revisions to the 2012 data employment data next year.

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