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Moving the Goalposts On Employment
A peculiar thing happened in January’s jobs report. The labor force grew by 1.4 million, but after an annual population adjustment, the labor force actually contracted. Why does BLS change the measurements, and how does that affect the way we look at trends?
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By JPMorgan Chase Commercial BankingA peculiar thing happened in January’s jobs report. The labor force grew by 1.4 million, but after an annual population adjustment, the labor force actually contracted. Why does BLS change the measurements, and how does that affect the way we look at trends?