CA revises its job numbers

Daily Data: And you wouldn't believe who went missing, and who was added back in

In today’s dispatch:

• *slight* downward revisions to CA job totals

• one category of worker, in particular, went missing

• another mystery solved

---

👉👉👉Reminder to sign up for the Weekly Recap only, if daily emails is too much. Find me on twitter, for more fun. 

---

Daily Data: CA revises its jobs data

California revised its jobs data last week, and it turns out the “State Added Far Fewer Jobs Than Originally Thought.”

As per the California Legislative Analyst’s Office, the state said it added ~325K jobs, but really it was only 50K:

The actual job count in California is 1.5 percent lower than suggested by the preliminary monthly figures. The corrected data show that the state added just 50,000 jobs between September 2022 and September 2023. The monthly jobs report, which the administration and the Legislature relied on to gauge the economy during that period, showed the labor market growing steadily, appearing to add more than 300,000 jobs over that period.

OK, mistakes are made, survey data is imperfect, and that’s what Federal “rebenching” is for.

Plus, CA did still add some jobs, and that’s good. What’s a few hundred thousand jobs between friends, really?

High-earners, we hardly knew ye’

The more interesting thing is how the data skewed.