Labor Market Trends - US job growth slowed significantly in August, with only 22 thousand positions added [1] - The US labor market is showing signs of stagnation [1]

US job growth cooled notably in August while unemployment rose, fanning concerns the labor market may be on the cusp of a more significant deterioration. https://t.co/RBbxrQBmi0 ...

The ADP report lined up the estimate in our survey, 68 K the previous number one over four with the number this morning. As Mike mccarthy good morning, mike. The morning john i'm looking right now at the number it's 54,050 4000 jobs according to adp comes in lower than the forecast you just mentioned of 68,000 and certainly down from a revised 106,000 last month.So this is not good news for the markets and it is something that was foreshadowed by Governor Chris Waller, who noted that the Fed buys data from ...

The government's official job growth figures are about to be massively revised downward—again. https://t.co/0xzMSlmZ8o ...

Economic Outlook - Job growth may plateau, historically a negative indicator [1] - Earnings are expected to continue accelerating [1] - AI is driving company efficiency, leading to higher earnings with fewer employees [1] Industry Impact - A seismic shift is occurring in how economic data needs to be interpreted [1] - Many economists may struggle to adapt to the changing economic landscape [1]

Economic Impact - Wall Street economists hold differing views on whether Trump's immigration crackdown is the cause of a significant slowdown in US job growth [1]

Economic Indicators - The Bureau of Labor Statistics' data plays a crucial role in Americans' financial lives [1] - The data captures monthly job growth and inflation pressures [1]

From @WSJopinion: The reality of slowing job growth is clear to anyone paying attention, no matter the official statistics. Trump’s data denial is one more reason fewer Americans will trust the government. https://t.co/YcV8AOfqBX ...

Economic Data Accuracy - The US economy's unpredictability is concerning given its size and sophistication [1] - BLS (Bureau of Labor Statistics) data revisions show a downgrade in actual job growth [1] - The US economy created approximately 818,000 fewer jobs in the 12 months leading up to March 2024 [1] - Inaccurate employment data leads to inaccurate GDP assessments [2] - Bad data is a fixable problem that requires prioritization and effort [3] Market Implications - Sophisticated capital markets can react to real-time data and make informed decisions [3] - The combination of inaccurate employment and GDP data could be problematic for the economy [2] Data Collection & Reporting - There is a need to prioritize fixing the data collection and reporting systems [3] - Existing systems and SAS tools should be leveraged to improve the accuracy of employment data [3]

And we're just hearing from President Trump via Truth Social that he is firing the commissioner of labor statistics. He says effective immediately. This of course coming after the jobs report this morning showed lower than expected job growth for the previous month as well as major downward revisions for the past two.So the president focusing on that those revisions in particular in this truth social post saying he's firing Dr. . Erica McIntyre for the commissioner of labor statistics because she was a Bide ...