· bls has explained jobs revisions for previous months as resulting from additional business and government agency reports as well as recalculation of seasonal factors. Is it signaling recession? Omair sharif, president of inflation insights, is optimistic the revision will end up toward the smaller end of the range of estimates, in part because qcew data tend to be marked higher due to. · the economy added 818,000 fewer jobs between march 2023 and march 2024 than previously reported, according to preliminary bureau of labor statistics data. · the next batch of inflation data from the bureau of labor statistics was already shaping up to be a high-profile affair due to the expected impact of president donald trump’s … The economy added just 73,000 jobs in july. · theres a lot of debate about how much signal to take from the 818,000 downward revisions to u. s. · wednesdays release shows the us labor market added fewer jobs than initially reported in the 12-month period ending in march 2024 but economists are wary about reading … · while the downward revision of may and june payroll growth by 258,000 marked the largest two-month downward revision to the jobs numbers since 1968, revisions … But the real shocker is the massive downward revision to prior months data that shows employment has barely … · economists are sounding the alarm on a weakening labor market after julys jobs report revealed sharp downward revisions and softer-than-expected hiring, putting fed rate … Trump accused the bureau of erroneously reporting jobs data after it made a huge downward revision for may and june numbers, which is both normal and … · downward revisions to u. s. Payrolls — the largest since 2009. · by the numbers: · shockingly bad jobs report reveals a monthslong stall and may trigger fed rate cuts soon. · a look at revisions to the bureau of labor statistics’ monthly jobs report data in light of president donald trump’s firing the head of the bureau of labor statistics. Job growth numbers are attributed to a slowing economy and job market impacted by trade and immigration policies. · why it matters: Revisions to payroll estimates have almost become commonplace in recent years, but the bls made substantial revisions for may and june that were much larger than normal. ‘powell is going to regret holding rates steady’