US jobs growth in the last year could be revised down by ONE MILLION - refueling concerns the economy is headed for a downturn
US jobs growth in the last year could be revised down by ONE MILLION - refueling concerns the economy is headed for a downturn
As many as a million jobs could vanish from US jobs data in revised numbers released this week. Jobs growth in the year through March was likely much lower than initially estimated, top bankers are warning. This could refuel concerns that the US economy is not as robust as it has appeared, and that the Federal Reserve is falling behind in its aim to lower interest rates. The government will release its first revisions of jobs growth data on Wednesday, and then the final numbers are due early next year.
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