Fed Confronts Up to a Million US Jobs Vanishing in Revision | Bloomberg Businessweek

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Bloomberg Economics US Economist Stuart Paul explains that 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. Bloomberg News Media Reporter Hannah Miller shares the details of her Businessweek Magazine story For Democrats This Season, Fox News Is Too Big to Ignore. Kellie Pean, CEO of Brand New: A Collective, discusses the importance of minority representation in the marketing industry. And we Drive to the Close with Bill Davis, Portfolio Manager at Hennessy Funds.
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[@JM-bd6ml]

818k jobs lied about…..

[@randallhughes5687]

BIDENOMICS IS WORKING

[@wanderingfido]

🤣🤣🔫

[@nneisler]

Aaaaand its gone!

[@paulstone3590]

Will the market rally on this? I don't know. It should fall because this is recessionary. Who knows what those greedy scumbags will do.

[@fowlerja]

Seems like a large adjustment. Tells me the data collection techniques are way behind in either methods or technology or both. Such large adjustments break down the confidence Americans have in the statistics from the Bureau of Labor & Statistics. America deserves better.

[@wanderingfido]

"_Regain_ creditability." 🤔😂

[@mramerican9627]

Heels up and the potato will tell you everything is fine 🤣😂🤣. And you will eat it right up because they know you will. U dims are hilarious.

[@strikefault]

818,000

[@harperwelch5147]

Are self-employed and contracted services counted in the jobs estimates?

[@whatsthemonsterbelow]

I'm not. Been a 1099 worker for 20 years. In 2023, my 250k/year income dropped by 80%. I guess I don't count as unemployed, yet I'm ALMOSY f'd.

[@randallhughes5687]

No, as they are not full or part time jobs.
I'm private contractor.

[@jonathandrennan2947]

Oops!

[@deebee4575]

It was no mistake.

[@andrewgibson5381]

finally, the numbers might match what Ive been seeing in the job market 📉

[@nneisler]

Everybody paying attention has known this!