I am not sure what to say about the expectations that we could see Establishment Jobs reduced by as much as 1,000,000 over the past year. Actually, I think I know what I want to say about that: We’ve written in the past that it seemed statistically impossible for Establishment Jobs to come in above the HIGHEST estimate of economists in several months. Not just at the high end, but higher than the highest estimate. These are economists with a lot of data, models, and analysts, and it seemed unlikely that they would all be so wrong. I am sure ... Jobs Data Revisions, Fed Minutes, and Jackson Hole