WebsterMark
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Yes, the recent job numbers revisions were significantly larger than typical. According to data from the Bureau of Labor Statistics (BLS) and various reports, the revisions for May and June 2025 were notably substantial: • May 2025: Initially reported as +144,000 jobs, revised down to +19,000, a reduction of 125,000 jobs. • June 2025: Initially reported as +147,000, revised down to +14,000, a reduction of 133,000 jobs. • Combined: A total downward revision of 258,000 jobs for these two months, which the BLS described as “larger than normal.” Additionally, an earlier revision for the period from April 2023 to March 2024 reduced job growth estimates by 818,000, bringing the monthly average from 242,000 to 173,500 jobs. This was the largest annual benchmark revision since 2009, when employment was revised down by 902,000. Over the previous decade, annual revisions averaged around ±173,000 jobs, making the 818,000 adjustment about five times the typical magnitude.
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