Job creation adjusted down

  • Thread starter Thread starter Harpy Eagle
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Harpy Eagle

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The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday.

As part of its preliminary annual benchmark revisions to the nonfarm payroll numbers, the Bureau of Labor Statistics said the actual job growth was nearly 30% less than the initially reported 2.9 million from April 2023 through March of the following year.



Pretty much right in the middle of what was being forecasted.

It beats out 2019 as the largest negative adjustment.
 
I'm shocked!!!

It is more or less in line with expectations.

It happens every year...it is not new

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So far the markets are not bothered by this.

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