“Fed Confronts Up to a Million US Jobs Vanishing in Revision”
August 22, 2024
“US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates.
Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.
While JPMorgan Chase & Co. forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million…”
Instead of “estimating” why don’t they release the actual numbers when they get them? Oh that’s right it’s harder to lie if they do it that way. They didn’t lie they just “revised” the numbers. Don’t make me laugh. This is one of the many reasons why the general public is late to figure out when the economy is in recession.