The largest annual revisions on record should push the Federal Reserve to cut interest rates, experts said.
A now hiring sign during Black Friday at a mall in Hanover, Md., on Nov. 29, 2024. Madalina Vasiliu/The Epoch Times
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The U.S. labor market has been weaker than initially reported over the past year, according to updated Bureau of Labor Statistics data released on Sept. 9.
The federal agency published preliminary annual revisions to its nonfarm payroll data after gathering more comprehensive employment information.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
