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US July and August total nonfarm payroll additions revised down by 60000 people.
⚡️US July and August total nonfarm payroll additions revised down by 60000 people
BlockBeats news,October 2, US Bureau of Labor Statistics:July nonfarm payroll additions were revised from 21000 people to -10000 people;August nonfarm payroll additions were revised from 162000 people to 133000 people. After the revision,July and August total payroll additions were 60000 people lower than before the revision. (Jinshi)
Original link https://m.theblockbeats.info/flash/370076
The US Bureau of Labor Statistics said July nonfarm payroll additions were revised from 21000 people to -10000 people.
August Nonfarm payroll additions were revised from 162000 people to 133000 people.
After the revision,July and August total payroll additions were 60000 people lower than before the revision.
The news was published by BlockBeats and attributed to Jinshi.
The following is analysis, separate from reported facts. Verify important claims independently.
Nonfarm payroll data is one measure of changes in US employment. This revision indicates that July and August the actual reported payroll additions were lower than previously reported.
The downward revision to employment data indicates that payroll additions in the relevant months were lower than previously reported, which may affect the market's assessment of US employment conditions.
Beginners can understand it as follows: recent US employment growth data was revised downward, indicating that the employment performance previously observed was not as strong.
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