So what now?
What I'm certain of is that I know the worst-case scenario: Something like 500K new jobs. The consensus is +75K and an outrageously strong report -- even if it's the usual statistical noise -- would forever-damage the report's credibility going forward. Where it starts to get tricky is how low you can go and still retain believably. Is it 200K?
The flipside would be if we get a negative number or further large downward revisions. That raises a totally different set of questions and begs for even more political interference.
I don't think anyone has the answers and it's best not to try and be a hero.
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