The payroll revisions are like “The Sixth Sense”, turns out those jobs were dead the whole time!

“Dollar falls vs yen as US revisions show nearly a million fewer jobs in 12-month span”—reporting by Gertrude Chavez-Dreyfuss with additional reporting by Chibuike Oguh—we were asked about our thoughts on official U.S. payroll revisions being reduced by a whopping 911,000!🤦🏽‍♂️

Covered by Reuters, Yahoo Finance, Global Banking and Finance, Archvest Wealth Advisors, Webull, NewsBreak, ChannelNewsAsia, and many others.

QUOTED EXCERPTS

“The only thing growing faster than job-growth skepticism is the pressure on the Federal Reserve to finally sneak in some interest rate cuts because nothing says economic cooling (than) jobs turning into ghost stories,” said Michael Ashley Schulman, chief investment officer at Running Point in El Segundo, California.

“Payroll revisions just turned the job story from fairytale to audit trail with a BLS saying the economy created 911,000 fewer jobs between April 2024 and March 2025, the biggest reality check in years, which is another way of saying the jobs fairy just clawed back a lot of cheer.”

ADDITIONAL THOUGHTS

The payroll revisions are like “The Sixth Sense”, turns out those jobs were dead the whole time! …or like “Game of Thrones” season 8, rushed, disappointing, and killed off too many characters too fast!

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