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❌EMPLOYMENT REPORT NUMBERS REVISED DOWN

❌EMPLOYMENT REPORT NUMBERS REVISED DOWN

Day: 09 | Time: 15:55:48 The employment rate numbers have been revised DOWNWARD in 4 out of 5 months of 2024. The most significant revision, from 353,000 to 256,000, a decrease of 97,000, occurred in January. Subsequently, there was a downward correction of 39,000 in February. April and May have been revised downward by...

You can’t make this up:

Jobs report numbers have been revised DOWN in 4 out of 5 months of 2024.

The largest revision from 353,000 to 256,000, or by 97,000 took place in January.

Subsequently, February saw a -39,000 downward adjustment.

April and May were revised down by… pic.twitter.com/FhCt83JSca— The Kobeissi Letter (@KobeissiLetter) July 9, 2024