Monthly Macro Monitor: Plus ça Change
2026-02-09 03:13:00 ET
The latest government shutdown ended last week, after a mere four days, but that was apparently enough to prevent the Bureau of Labor Statistics from releasing the January employment report. It will be released this week instead (2/11), but I’d prefer if they waited about six months. These reports are one of the most anticipated by Wall Street and are often market-moving, but their accuracy leaves a lot to be desired. Over the full history of the release, the average revision from the initial report to the last monthly revision has been about 55,000 jobs, while the annual benchmark revisions adjust the annual total by about 275,000 jobs....
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Monthly Macro Monitor: Plus ça Change
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