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Garlic munched

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21/08/24

16:22

Post #: 75309118
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Originally posted by hersuit: ↑

Yo @thecurious1

This BTW...is on Harris as well.

I know ya love posting on how good the economy is and particularly how good the job growth is and no matter how often you have things pointed out to you...the next month your right back at it

So here ya go...digest this google your thought leaders and get back to me with ~~their~~ your spin

https://www.msn.com/en-us/money/markets/ar-AA1p6yZu
BREAKING: Biden and Harris Were Cooking the Books the Whole Time! 1 Million Jobs VANISH in Downward Revision – Trump Responds to Fraudulent Jobs Numbers (VIDEO)

US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates.

Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.

While JPMorgan Chase & Co. forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million.
There are a number of caveats in the preliminary figure, but a downward revision to employment of more than 501,000 would be the largest in 15 years and suggest the labor market has been cooling for longer — and perhaps more so — than originally thought. The final numbers are due early next year.

Such figures also have the potential of shaping the tone of Fed Chair Jerome Powell’s speech at week’s end in Jackson Hole, Wyoming. Investors are trying to gain insight as to when and how much the central bank will start lowering interest rates as inflation and the job market cool.

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Did you read the whole article?

Even without reading, you need to keep up with the times (not the NY Times, although it would help you) as:

But if you had read the whole article, even after a possible revision of 1M jobs down, it suggests monthly job creation would average 150,000.

It then goes on to say............... wait for it.................... even after the revisions, the jobs gained would still be really good.

And did I mention that Goldman just lowered their chance of a Recession over the next year?

Last edited by Garlic munched: 1 Today, 16:23
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