U.S. created 500,000 fewer jobs since 2018 than previously reported, new figures show
Published: Aug 21, 2019 11:45 a.m. ET
Hiring doesn’t appear to have gotten big boost from Trump tax cuts
The U.S. economy had about 501,000 fewer jobs as of March 2019 than the Bureau of Labor Statistics initially calculated in its survey of business establishments. That’s the largest revision since the waning stages of the Great Recession in 2009.
The newly revised figures indicate the economy didn’t get a huge boost last year from President Trump’s tax cuts and higher federal spending. They also signal the economy is a bit weaker than previously believed and could give the Federal Reserve even greater reason to cut interest rates in September.
more:
http://www.marketwatch.com/story/us-created-500000-fewer-jobs-since-2018-than-previously-reported-new-figures-show-2019-08-21?&siteid=nwham
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