News@lemmy.worldEnglish · 1 day ago

More Than 800,000 U.S. Job Gains Have Been Revised Away — the Labor Market Is Much Weaker Than Originally Thought

finance.yahoo.com

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More Than 800,000 U.S. Job Gains Have Been Revised Away — the Labor Market Is Much Weaker Than Originally Thought

finance.yahoo.com

jaykrown@lemmy.world to

News@lemmy.worldEnglish · 1 day ago

For nearly two years, the job market Americans were told about has been significantly stronger than the one that actually existed, and the Federal Reserve made a major policy decision based on numbers that have since been quietly rewritten.

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It means everything to those with money and the temporarily embarrassed millionaires.

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