{"id":410646,"date":"2025-09-09T14:30:10","date_gmt":"2025-09-09T14:30:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/410646\/"},"modified":"2025-09-09T14:30:10","modified_gmt":"2025-09-09T14:30:10","slug":"bls-preliminary-annual-jobs-revision-down-by-911k-versus-682k-estimate","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/410646\/","title":{"rendered":"BLS preliminary annual jobs revision down by &#8211; 911K versus -682K estimate"},"content":{"rendered":"<p data-v-4026719d=\"\">The BLS preliminary estimate of nonfarm payrolls benchmark revision would:<\/p>\n<ul data-v-4026719d=\"\">\n<li data-v-4026719d=\"\">Decrease March 2025 level of employment by -911K or -0.6%.<\/li>\n<\/ul>\n<p data-v-4026719d=\"\">The consensus was for a decline of -682K. Forecast range from -200K to -900K<\/p>\n<p data-v-4026719d=\"\">The revision is the largest on record.<\/p>\n<p data-v-4026719d=\"\">In 2024 it showed a revision of -548K<\/p>\n<p data-v-4026719d=\"\">Looking at the different sectors, the biggest decline was in trade, transportation, and utilities (- 226K). There were no sectors that showed a positive revision. Professional business services saw a downward revision of &#8211; 158K and leisure and hospitality a decline of &#8211; 176K.<\/p>\n<p data-v-4026719d=\"\">The data shows a weaker employment picture than previously reported, and certainly would motivate the Fed to cut. It also highlights the data problem that has started to creep into the economic releases.<\/p>\n<p data-v-4026719d=\"\">US yields remain higher, with the two-year up 2.2 basis points at 3.517%. The 10-year yield is also up 2.2 basis points at 4.068%.<\/p>\n<p data-v-4026719d=\"\">US stocks are mixed with the Dow industrial average down -0.3%. The S&amp;P is up 0.7% and the NASDAQ index is up 0.10%. Recall the NASDAQ index closed at a record level yesterday.<\/p>\n<p data-v-4026719d=\"\"> The S&amp;P index record high close came in at 6507.95 on September 8. The current price is at 6500.70<\/p>\n","protected":false},"excerpt":{"rendered":"The BLS preliminary estimate of nonfarm payrolls benchmark revision would: Decrease March 2025 level of employment by -911K&hellip;\n","protected":false},"author":2,"featured_media":410647,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-410646","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115174822655102585","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/410646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=410646"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/410646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/410647"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=410646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=410646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=410646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}