Liberal Forum

I though all was well?


Fed Confronts Up to a Million US Jobs Vanishing in Revision (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.Such figures also have the potential of shaping the tone of Fed Chair Jerome Powell’s speech at week’s end in Jackson Hole, Wyoming. Investors are trying to gain insight as to when and how much the central bank will start lowering interest rates as inflation and the job market cool.


https://www.msn.com/en-us/money/markets ... r-AA1p6yZu


Go ahead, attack the source.  

*Huey » 20 Aug 2024, 2:00 pm » wrote: ↑

20 Aug 2024, 2:00 pm

I though all was well?

Fed Confronts Up to a Million US Jobs Vanishing in Revision (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.Such figures also have the potential of shaping the tone of Fed Chair Jerome Powell’s speech at week’s end in Jackson Hole, Wyoming. Investors are trying to gain insight as to when and how much the central bank will start lowering interest rates as inflation and the job market cool.

https://www.msn.com/en-us/money/markets ... r-AA1p6yZu

Go ahead, attack the source.

So he rebleats it?

in 2019, the downward revision was 500,000

In 2022, the upward revision was 400,000.

Context.
 

Blackvegetable » 20 Aug 2024, 2:49 pm » wrote: ↑

20 Aug 2024, 2:49 pm

So he rebleats it?

in 2019, the downward revision was 500,000

In 2022, the upward revision was 400,000.

Context.

That's nice.  This is 2024.  I f you continue I will move this to one of your threads or better yet, I will start a thread for you so your can discuss the 2019 revision.  

job losses as population grows. where is leadership? what is harris answer? come on harris. show us something! not babble. but show us the numbers! your plan as the leader!!! line for line. no one liner. like i will do. that does not sell to me. give me all the facts. be an educator. stop blowing smoke.

MuriQUEER....

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