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Payrolls set for major revisions: Where are U.S. stocks headed?
On August 21, the U.S. Department of Labor will release Q1 QCEW data and revise March's nonfarm payrolls, with final revisions due next year Show More
On August 21, the U.S. Department of Labor will release Q1 QCEW data and revise March's nonfarm payrolls, with final revisions due next year. Wall Street anticipates a downward revision, with Goldman Sachs predicting up to 1 million fewer jobs and JPMorgan forecasting a decrease of 360,000. This could be the largest downward revision in 15 years, indicating a prolonged cooling of the labor market.
Previously, the July job data showed a large miss and a surprising rise in unemployment triggered a global sell-off. As recession fears eased and data improved, the market rebounded.

🎙️Discussion
1. What could the QCEW report mean for the Fed?
2. Will potential job revisions impact your current investment strategy?
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