Reported 10 months ago
Recent data from the Bureau of Labor Statistics indicate that US payroll gains might have been overestimated by about 60,000 jobs per month on average last year compared to the monthly employment report, adding uncertainty to the Fed's assessment of the labor market. Concerns arise as the data from the Quarterly Census of Employment and Wages, covering more than 95% of US jobs, paint a potentially weaker job market picture than previously thought, highlighting the need for caution in interpreting labor market indicators amidst discussions of interest rate cuts.
Source: YAHOO