Job growth was underestimated

November 18, 2021


Statistical Visualization  /  , ,

Andrew Van Dam for The Washington Post used a bar chart with corrections to show new monthly estimates from the Bureau of Labor Statistics for job growth:

After the revisions, disappointing months like August looked a lot more like October, a month that was hailed as a labor market rebound. In hindsight, while a blockbuster June and July were even better than they looked, they didn’t lead to months of stagnation — they diminished somewhat, but still produced solid, steady growth that continued through October.

It’s like the data carries uncertainty, which can make estimation a challenge. Imagine that.

Chart Type Used

Bar Chart