BLS revised July payroll employment from a gain of 21,000 to a loss of 10,000, and July and August combined are now 60,000 lower than first reported. Here is what revisions mean and why the first estimate is not the final word.
A posting is not an opening, and an opening is not a hire. July JOLTS showed 7.3 million openings and 5.1 million hires, and a new 41-country AI study shows how to use posting data without confusing the three.
GDP measures market production, so free AI tools show up mostly as costs rather than benefits. New BEA research and Stanford surveys estimate the gap in two different ways, and their numbers cannot simply be added.
