Reported about 2 months ago
The US Bureau of Labor Statistics has revised payroll figures downward by 818,000, yet the market reacted positively with a rally in stocks. Experts note that while the revision was larger than expected, the labor market is adding approximately 175,000 jobs monthly, indicating ongoing growth. Analysts suggest that although the economy is gradually slowing down, it is more aligned with a 'soft, but bumpy landing' rather than a severe downturn. The unemployment rate remains a critical focus for the Federal Reserve amidst these adjustments.
Source: YAHOO