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Re: U.S. created 500,000 fewer jobs since 2018 than previously reported, new figures show

By: oldCADuser in FFFT3 | Recommend this post (0)
Wed, 21 Aug 19 8:09 PM | 63 view(s)
Boardmark this board | Food For Further Thought 3 		Msg. 52265 of 65535
(This msg. is a reply to 52263 by clo)
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Trump is soon going to have another scapegoat, the Bureau of Labor Statistics, who will be 'responsible' for people thinking that the economy isn't as strong as Trump claims that it is.




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The above is a reply to the following message:
U.S. created 500,000 fewer jobs since 2018 than previously reported, new figures show
By: clo in FFFT3
Wed, 21 Aug 19 8:00 PM 		Msg. 52263 of 65535

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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