Dawn

Visualizing The Propaganda "Error Term" Behind The Bureau Of Labor Statistics

I've wondered about this for a long time.  Really glad that someone finally quantified it.


"in a nutshell, 90%+ of the time the bureau has revised prior claims upward, meaning it consistently strives to create an optimistic picture at the moment, only to have it revised it to its true, uglier state a week later when nobody cares."

If a company did that it would be guilty of fraud.