🚨 U.S. JOBS SHOCK: NON-FARM PAYROLL DATA REVISED DOWN BIG 🚨
Above is the last 6 months of US nonfarm payroll data (as reported by the US Bureau of Labor Statistics and major economic publications):
- Note: Recent months saw significant downward revisions. For example, June was initially reported as +147,000, but later revised to just +14,000. May was also revised down from +144,000 to +19,000. These adjustments reflect updated government data.
- This data illustrates slowing job growth in recent months, well below market expectations, and large negative revisions to previously reported months.
- Recession risk: If job growth keeps dropping (or turns negative), Powell may shift focus from fighting inflation → to supporting growth.
- Markets usually cheer weak jobs (means easier Fed policy). But if data shows recession
risk, stocks can turn negative.
- If Powell acknowledges weakness in labor at Jackson Hole, it could push markets .
In short all eye on Powell Speech on Friday..
