Why the U.S. Jobs Report Is Always Wrong (Sort of) | WSJ // TRAIN BRAIN

Why the U.S. Jobs Report Is Always Wrong (Sort of) | WSJ

President Trump fired the head of the Bureau of Labor Statistics because of revisions to the jobs number. The jobs reports usually have revisions as a result of companies delayed response times and other factors, but why were the recent revisions so large?
WSJ explores how the BLS collects data, why the recent revisions were so dramatic and what lies ahead for BLS data.
Chapters:
0:00 Trump fires BLS commissioner
0:50 How the jobs report is calculated
2:42 Why revisions are necessary
3:35 Influences
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