The U.S. Bureau of Labor Statistics just revised down its nonfarm payroll (NFP) data:
๐ May: from +144K โ +19K
๐ June: from +147K โ +14K
Thatโs a net downward revision of 258,000 jobs over two months.
๐ Job market is far weaker than originally reported.
๐ฌ Expect renewed debate over Fed policy, soft landing odds, and recession risks.
