Final Note

A revision to the revision

Kai Ryssdal Jun 2, 2014
HTML EMBED:
COPY
Final Note

A revision to the revision

Kai Ryssdal Jun 2, 2014
HTML EMBED:
COPY

Today we present a number not to be loved.

Economic indicators are often revised, higher or lower, usually a month or two after they come out. Right?

Well, today’s report from the Institute of Supply Management, the ISM for short, which measure how American factories are doing, was revised twice in the space of about three hours. Wall Street sold off hard on the initial weak, but incorrect, report.

The excuse:

“Software glitches,” the ISM said.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.