đ¶ BREAKING: June and July jobs reports revised lower by a combined 86,000 jobs đ.
đ¶ June jobs report cut by 61,000 jobs, from 179,000 to 118,000 đ.
đ¶ July jobs report cut by 25,000 jobs, from 114,000 to 89,000 â ïž.
đ¶ This makes July the weakest jobs report since December 2020 â.
đ¶ Expect more revisions next month to today's numbers âł.
đ¶ Downward jobs revisions are the new normal in 2023.
đ¶ 11 out of the last 15 jobs reports have been revised lower đ.
đ¶ Juneâs report has now been revised twiceâa serious red flag đš.
Whatâs going on here?
#EconomicUpdate