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Well, another jobs Friday and another official government report on the economy, in particular the job market,

that came out stronger than expected.

In fact, just about every jobs report over the past year

has been stronger than expected. What's significant about this beat is not just the

magnitude, it was a pretty big beat, but we've gotten into a pattern where the government reports a much stronger number and everybody

celebrates the good jobs number.

But then they quietly revise down the previous number that they celebrated the month

before and they actually revise it down so much that it turns out that it wasn't a beat after all it was a miss but

nobody bothers to cover that because they're celebrating the new beat and the pattern is well a month later

it'll turn out that that wasn't a beat either it was a miss but no one will

care because there'll be another beat to celebrate.

Well, this time when they revised down or they revised

the prior month, which was reported at 216,000, which was a beat,

instead of revising it down, they revised it all the way up to an even bigger beat of

333,000.

Now I didn't expect that.

In fact, a month ago, I expected the number

to be revised down, which was what happened

with the last 10 or 11 reports.

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