Did the US job market just get exposed? ๐จ๐
The BLS is set to release its final job revisions at 8:30 AM ET today, and the numbers are staggering. A preliminary report already showed 818,000 jobs were overestimated for the 12 months ending March 2024โmaking this the 2nd largest negative revision in history!
If confirmed, this could shake market confidence, fuel recession fears, and impact Fed policy. Buckle up.