The methodological process by which statistical agencies like the BLS adjust previously reported employment data to correct for sampling errors, benchmarking discrepancies, and reporting lags.
Overview
- The Bureau of Labor Statistics revised 2025 US net job gains down from 584,000 to 181,000, removing approximately 400,000 jobs from the statistics. (Source: Erik Brynjolfsson, via AI Daily Brief, 2026-08-24)