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Benzinga
Benzinga
Business
Vishaal Sanjay

Former Labor Bureau Chief Says 910,000 March Payroll Revision 'Unusually Big,' But Still 'Normal Procedure'

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Former Bureau of Labor Statistics Commissioner Erica Groshen defended the agency's recent payroll revision that shaved 910,000 jobs off its March estimate, describing it as “unusually big” but well within the bounds of standard practices at the bureau.

Payroll Revisions ‘Not The Highest We’ve Seen’

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