Bekok nonfarm payroll revision adjustment

[ftan42]

Period Covered	Preliminary Revision	Final Revision​
Apr 2023 - Mar 2024	-818,000 jobs	-598,000 jobs
Apr 2024 - Mar 2025	-911,000 jobs	Due Feb 2026

Ya, our economy is very very strong and resilient, so long as you are overstating our jobs by about 1,000,000, I don't know, you judge
the economy is booming, the labour market is on fire, we have too many jobs and not enough workers, sound familiar we so often heard

 

[face the facts]

whenever politicians and their cronies open their mouth, just masturbate into it

 

[k1976]

So that can justify the rate cut and carry on the goldilocks until 2028 mah

 

[ftan42]

The BLS has recently released an updated revision, indicating a significant decline in the labor market. Specifically, the latest figures show a decrease from approximately 911,000 to nearly 1 million jobs lost. This decline is particularly concerning, as the economy relies heavily on internal personnel consumption, accounting for around 70% of GDP. This contraction in the labor market is a key indicator of a slowing economy, as it suggests a decrease in purchasing power and demand. As a result, we can expect a decrease in economic activity, which may ultimately lead to a recession. Furthermore, the current economic conditions may create a self-reinforcing cycle, often referred to as a "doom loop," where high unemployment leads to reduced spending, decreased company profits, and subsequent layoffs, resulting in even higher unemployment rates.