Great audit shows the labor market weaker than reported – with 911,000 smaller data on rasi


Heat

The US Business Market was weaker than originally registered during the previous year, according to the Preliminary Report, which previously drew the President of Donald Trump Previously.

Key facts

Employers added 911,000 smaller working months in the amount of 12. March 2025, in the total amount of 849,000, according to the data for labor statistics, after the data previously showed an economy of about 1.76 million jobs.

SCOTT BESSENT SECRETARY said Sunday The audit is expected as 800,000 jobs, with estimates between 650,000 and 775,000 fewer jobs by analysts in Goldman Sachs, Bank of America, Comerica Bank and Mizo securities.

The Belkant and National Director of the Council Kevin Hassett criticized the BLS in front of the Agency’s revisions, because it was bessent, “I’m not sure what these people collect data,” while Hassett propose Recent audits down are “why we need new and better data.”

Large number

818,000. This revision down the BLS issued for the same annual data last year, reducing the average monthly growth in the 12 months ended March 2024. Out of 242,000 to 174,000.

Will revise the data on jobs influence on the decision on the reduction of the FEDA rate?

The Federal Reserve will probably take revision of rasi data in front of its next policy-making meetings 17. September, because the Central Bank seemed to consider last year’s meeting during September 2024. Years. Fed relied on a double mandate of inflation stabilization, and at the same time maximizes employment and August work reports-signaling Jump for more than expected for unemployment at 4.3% – it is successful to predict the break rate. Investors are that at least 99.1% for interest rate reduce the least quarter of the point shortly after the report, according to the CME Feventh tool.

What to watch on

Consumer index data will be published on Thursday, because Wall Street expects inflation to 2.9% in August 2.7% in July, in accordance with the facts. Anthony Saglimben, an American strategic strategic strategy strategy, wrote on Monday, if data inflation is worse than expected, it would “probably throw cold water” at a higher price that is Fed Fert.

Key background

Trump was posted by the BLS Chief Erika Mcentarf after the Agency’s job report included the largest two-month audit down since 1968. years and signs of cooling for the labor market. Trump, who also claimed that Mcentar manipulated jobs during the election of 2024. year, the BLS targeted the BLS of the “Must” its data. Some of the Trump advisors prepare a report on details on the agency’s jobs, which includes a historical review of work data, people who are familiar with the question told Wall Street Journal. Economists supported BLS, despite Trump criticism: The National Business Economist Association said in a statement The group of global analysts and data scientists “stands firmly with dedicated economists and statisticians on BLS and through federal statistical agencies.” Trump inherited the basic economist of EJ Antoni to succeed in using Mcentar on the movement of Democrats, who called Antoni “completely unqualified.” Nabe, who called the policy creators to “defend the integrity of the American Statistical System”, added BLS, demands a “well-known and qualified commissioner” who can “protect its reliable professional staff from political pressure.”

Further reading

ForbesUnemployment hit 4.3% -WORS than expectedForbesPrivate engagement decreases while the labor market is abruptly slowing down



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