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Payrolls revised downward: Where are U.S. stocks headed?
On August 21, the U.S. Department of Labor released a preliminary revision to nonfarm payroll data for the past year, showing a significant Show More
On August 21, the U.S. Department of Labor released a preliminary revision to nonfarm payroll data for the past year, showing a significant downward adjustment of 818,000 jobs as of March. This revision brings the employment growth rate down to 1.3%, marking the largest downward adjustment 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 job revisions impact your current investment strategy?
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