In economics, the past is never dead — it’s always subject to revision. Case in point: The biggest news in the January jobs report happened in December and November.
January’s numbers were good: The U.S. economy added 257,000 jobs, and unemployment ticked up an inconsequential 0.1 percent to 5.7 percent, the Bureau of Labor Statistics reported on Friday.
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That’s the funny thing about economic data: As the past gets revised, so do our expectations for the future. Let’s hope we’re not in for a let-down.
