🔶 BREAKING: June and July jobs reports revised lower by a combined 86,000 jobs 📉.

🔶 June's report was slashed by 61,000 jobs, dropping from 179,000 to 118,000 🛑.

🔶 July's report was cut by 25,000 jobs, from 114,000 to 89,000 ⚠️.

🔶 This makes July the weakest jobs report since December 2020 ❗.

🔶 More revisions are likely to come next month for today’s numbers ⏳.

🔶 Downward jobs revisions have become the new normal in 2023.

🔶 11 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 behind these constant revisions?

#EconomicUpdate