Reported about 2 months ago
Recent revisions from the Bureau of Labor Statistics indicate a significant decrease in employment figures, reporting 818,000 fewer jobs than previously thought. This adjustment highlights a slower labor market, particularly within professional and business services, which experienced the largest job losses. As economic concerns grow, expectations for Federal Reserve interest rate cuts remain, yet the revisions underscore a pervasive unease in tech and finance sectors heavily impacted by layoffs.
Source: YAHOO