· big downward jobs revisions could be a warning sign for the economy employers added far fewer jobs in may and june than previously reported. · the mediocre headline figure for july is one thing, but the huge revisions suggest that the jobs market has lost momentum earlier than thought and the pressure from the president for … · by the numbers: · while the trump administration originally reported 286,000 jobs had been added to the u. s. Economy over the two-month period, downward revisions cut that figure by 125,000 … · 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 cuts … · economists believe the revisions reflect a genuine economic slowdown rather than data manipulation, citing factors like declining survey response rates and the impact of tariffs. · new monthly job openings in the aggregate have been lagging far behind jobs added, as the graph below, using data available from the federal reserve bank of st. · 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 hefty … But the real shocker is the massive downward revision to prior months data that shows employment has barely budged … ‘powell is going to regret holding rates steady’ The economy added just 73,000 jobs in july. · shockingly bad jobs report reveals a monthslong stall and may trigger fed rate cuts soon.
The Jobs Report Is Worse Than You Think: Massive Revisions And Inflation
· big downward jobs revisions could be a warning sign for the economy employers added far fewer jobs in may and june than previously reported....