The Bureau of Labor Statistics (BLS) released the latest revision to its jobs report, revising the jobs data down by 911,000 jobs from initial estimates, a more significant slash than the 682,000 jobs economists expected.
PNC Financial Services Group chief economist Gus Faucher joins Market Catalysts to discuss the revision and what it signals about the state of the US economy, as the integrity of the BLS is in focus, ahead of the Federal Reserve’s September meeting next week.
To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here: https://finance.yahoo.com/videos/series/market-catalysts/
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