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Reply to "Just 73,000 jobs added in July!"
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[quote=Anonymous][quote=Anonymous]So what is the actual detailed explanation for why such a drastic revision? [/quote] Small and medium sized businesses report more slowly than the big companies. Small and medium sized companies are also much more quickly affected by changes in the economy since they have more narrow procurement compared to big companies with large networks and long term purchasing contracts. Also, gov’t positions reported months ago didn’t match with actual payroll tax collected from gov’t workers indicating actual job numbers were lower.[/quote]
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