🔶 BREAKING: June and July jobs reports revised lower by a combined 86,000 jobs 📉.
🔶 June jobs report cut by 61,000 jobs, from 179,000 to 118,000 🛑.
🔶 July jobs report cut by 25,000 jobs, from 114,000 to 89,000 ⚠️.
🔶 This makes July the weakest jobs report since December 2020 ❗.
🔶 Expect more revisions next month to today's numbers ⏳.
🔶 Downward jobs revisions are the new normal in 2023.
🔶 11 out of the last 15 jobs reports have been revised lower 📉.
🔶 June’s report has now been revised twice—a serious red flag 🚨.
What’s going on here?
