The U.S. Bureau of Labor Statistics just revised down its nonfarm payroll (NFP) data:
📉 May: from +144K → +19K
📉 June: from +147K → +14K
That’s a net downward revision of 258,000 jobs over two months.
📊 Job market is far weaker than originally reported.
💬 Expect renewed debate over Fed policy, soft landing odds, and recession risks.
