Labor Dept Overestimated Job Growth By More Than 800K, Revises Data

"The Bureau of Labor Statistics reported Wednesday that job growth throughout the 12 months ending in March would be revised downward by 818,000 jobs, a hefty drop that is roughly equivalent to 0.5% of total jobs, according to The Washington Examiner. A downward revision of more than 501,000 would be the largest in 15 years."- daily wire

• nypost.com/2024/08/20/business/wall-street-banks-brace-for-downward-revision-of-1m-fewer-jobs/
• www.washingtonexaminer.com/policy/finance-and-economy/3129087/job-growth-set-to-be-revised-down-by-818000-jobs/
• www.nytimes.com/2024/08/21/business/economy/us-jobs-economy