The numbers suggest that the labor market cooled off much faster than was previously thought and is not in as strong a position as believed. The Federal Reserve now also has a case to make a bigger cut in interest rates than initially anticipated come September.
Source: Inman News
Bureau of Labor Statistics revises job growth downward by 818K
Published in federal reserve, immigration, interest rates, jobs growth, Markets & Economy, Mortgage, News Brief and U.S. Bureau of Labor Statistics
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