The U.S. Bureau of Labor Statistics just revised down its nonfarm payroll (NFP) data:


๐Ÿ“‰ May: from +144K โ†’ +19K

๐Ÿ“‰ June: from +147K โ†’ +14K


Thatโ€™s a net downward revision of 258,000 jobs over two months.


๐Ÿ“Š Job market is far weaker than originally reported.


๐Ÿ’ฌ Expect renewed debate over Fed policy, soft landing odds, and recession risks.


#NFP #JobMarket #Economy #Fed