US Jobs Data Faces Scrutiny Amid Economic Uncertainty
TL;DR Summary
US job growth for the year through March is expected to be revised downward significantly, indicating a weaker labor market than previously thought and increasing pressure on the Federal Reserve to cut interest rates. The revisions, which are routine but politically sensitive, suggest that the economy was slowing before the current administration, and could influence future monetary policy decisions.
- Another US Jobs Markdown Sets Stage for Fed Cut, BLS Criticism Bloomberg.com
- Data, With a Dose of Ugly TheStreet Pro
- From bad to worse? Another big jobs report is coming up — and it probably won’t look good either. MarketWatch
- Lots More on the Big Problem With the Monthly Jobs Report Bloomberg.com
- More Evidence That the Jobs Numbers Are Unreliable Unleash Prosperity
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