US EditionU.S. Job Growth Revised Sharply Downward for May and June - News Facts Network
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U.S. Job Growth Revised Sharply Downward for May and June - News Facts Network
The U.S. economy added 258,000 fewer jobs in May and June than originally reported, according... The post U.S. Job Growth Revised Sharply Downward for May and June appeared first on News Facts Network.
Job Growth Lowered by 258,000 for May and June Revisions
Revisions to payroll estimates have almost become commonplace in recent years, but the BLS made substantial revisions for May and June that were much larger than normal. Employment in May and June combined is 258,000 lower than previously reported, the BLS said on Wednesday. In May, the BLS subtra
New York (AP).- The U.S. stock market had its worst day since May after the government reported a sharp slowdown in hiring and U.S. President Donald Trump imposed generalized tariffs on imports from several countries. The S&P 500 dropped 101.38 points, or 1.6%, to remain at 6.238.01, its biggest decline since May 21st and its fourth consecutive setback. The index also recorded a weekly loss of 2.4%, marking a sharp change from last week’s record…
Market participants are driving the stock markets down after large downward revisions to job growth in June and May.
The world's largest economy has created 73 000 jobs in the past, but the strong review of May and June data makes alarmingly high on the robustness of the labour market in the United States.
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