Payroll revisions can be negative without indicating underlying economic weakness; markets don't care about revisions; if labor market data were truly collapsing, other corroborating indicators (consumer confidence, hiring rates, layoff rates, separation rates) would also show weakness, but they do not.
normativepending
Speaker
Neil DuttaEvidence Quote
“the markets don't care about revisions okay and that's and if the markets don't care about it I'm not sure sure I mean it's okay so you're you're going to base your your call on the fact that the government underestimated jobs growth by a couple hundred thousand like six months ago”
Created: 8/12/2026, 6:02:32 PM
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