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Upto Million jobs may vanish in Fed's revised payroll data


Moon_Walker

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(Bloomberg) — 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.

https://finance.yahoo.com/news/fed-confronts-million-us-jobs-100000224.html

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6 minutes ago, TeluguTexas said:

Starting new YT channel

Need all your blessings

May yellow blessings be with you…! 

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3 minutes ago, human1234 said:

800k jobs less but market still up

what a show they are trying to put up antava

tumblr_mqb6wzSo791spvnemo1_250.thumb.gif

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21 hours ago, TeluguTexas said:

Starting new YT channel

Need all your blessings

blessed anna don;t show your ass in the YT channel

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