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The jobs data revisions that cost a US government statistician her job

Cs news4 months ago04 mins

(Reuters) -The revisions to previous estimates of the size of U.S. payrolls gains for May and June that prompted President Donald Trump to fire Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday were by any measure extraordinarily large. Indeed, the combined downward revision for the two months of 258,000 was the largest – outside…

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US payrolls revisions jolt markets, making Fed look behind the curve
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US payrolls revisions jolt markets, making Fed look behind the curve

Cs news4 months ago07 mins

By Davide Barbuscia NEW YORK (Reuters) -News of a surprise weakening in the U.S. labor market last month jolted investors on Friday, as hefty revisions to past months raised fears the Federal Reserve may have been flying blind in recent months and may need to play catch-up with interest rate cuts. Nonfarm payrolls increased by…

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