Rumors of drastic downward revisions to US employment data: lack of market response and doubts about credibility
Information that the American Bureau of Labor Statistics will revise employment data from 2023/4 to 2024/3 downward by up to 1 million people has been reported in the ZeroEdge article. However, questions remain about the veracity of this information. The reasons for this are as follows.
1. Market Reaction
If this information is factual and serious, there should be a marked reaction in the market, such as large sales of futures in the US market. However, no such major reactions have been observed at the moment.
2. The importance of information
Revising employment data on a scale of 1 million people is very important as an economic indicator. Such serious information, if factual, should be more widely reported and discussed.
3. Lack of official announcements
If it is such an important correction, an official announcement or confirmation from the Bureau of Labor Statistics is expected, but we cannot see it at the moment.
Taking these factors into account, this information is unlikely to be reliable. However, it is necessary to keep a close eye on economic indicators and market trends, and update opinions as appropriate when there is new official information or reports from reliable sources.
Source: Microsoft Copilot
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