#bls-revision

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#us-labor-market #recession-risk #federal-reserve-policy #us-jobs #federal-reserve #trump-criticism
US news
fromFortune
3 days ago

Jamie Dimon isn't convinced by the market's theory that huge job revisions aren't a recession indicator | Fortune

BLS revised U.S. payrolls down 991,000 jobs, indicating a weakening labor market and increasing pressure for Federal Reserve rate cuts despite low recession odds.
fromFortune
4 days ago

Trump's fury at Jerome Powell for being 'too late' to cut rates just got extra juice from another shocking jobs number | Fortune

Donald Trump's renewed anger at Jerome Powell over delayed interest-rate cuts has intensified after a dramatic revision cut U.S. job growth by 911,000 since 2024-adding fuel to Trump's criticism of the Fed and amplifying political strife ahead of the Federal Reserve's September meeting. For months, Trump has been vocal in his frustration with Federal Reserve chair Jerome Powell for being "too late" to cut rates, and he just got fresh ammunition in the latest jobs report data revision.
US politics
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