More jobs data

Job revisions and unemployment from the Federal Reserve. Bill Testa talks about State level job estimates, a different animal than BLS firm surveys. State level estimates are being revised downward.

This year’s BLS revisions were unfavorable to both the U.S and to Seventh District states. On an average monthly basis for the year 2009 in its entirety, the revisions indicated further job decline in the U.S., by more than 1 million payroll jobs, or approximately 0.8 percent (table below).