revisions

Private payrolls near zero after revisions, bond market flashes pre 2008 style signals. ‘Nonexistent growth in labor force, which we’ve never had in our history’

Job creation in the US has slowed to essentially zero, Federal Reserve Chair Jerome Powell said Wednesday as the Fed released its latest economic projections, which included slightly higher economic growth than previously projected and little change to the unemployment rate. Altogether, Powell said, central bankers see “a degree of stability” in the labor market. …

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Given the size of the BLS job revisions, you have to wonder by how much the BLS CPI report has understated inflation…

Real inflation is about 6% while reporting 3% and that how you get 3% gdp growth. It’s all a fugazi pic.twitter.com/ocpBvz3qzQ — The Coastal Journal (@1CoastalJournal) September 10, 2025 We're in a recession, but at least we'll cut rates into rising inflation pic.twitter.com/qZDnnkBNvA — Swingtrader (@Swingtrader) September 9, 2025

Huge job revisions erase 258,000 jobs and September rate cut is on the table.

May’s jobs gain was revised down by 125,000, from 144,000 to 19,000. June’s jobs gain was revised down by 133,000, from 147,000 to 14,000. Together, that cuts 258,000 jobs from official data in two months. https://www.bls.gov/news.release/empsit.nr0.htm July added 73,000 jobs, below expectations. The unemployment rate rose to 4.2% from 4.1%. Markets now see a 95% …

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Jobs beat on paper miss in reality, revisions slash 95K from March and April totals. The recession is close, but not there yet. “Don’t expect the market to go anywhere this summer,” JPMorgan has said

Once again markets are celebrating a "strong" May jobs report, with 139K jobs beating estimates by 10K, while ignoring the 95K downward revisions to the prior two months. But beneath the surface, the May jobs report, which showed even slower job growth than the prior month, was… — Peter Schiff (@PeterSchiff) June 6, 2025 The …

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S&P 500 earnings revisions have hit extremely negative levels. Is this all just a bear market rally?

S&P 500 earnings revisions have hit extremely negative levels pic.twitter.com/6cbNSE4GHa — Markets & Mayhem (@Mayhem4Markets) April 29, 2025 Is this all just a bear market rally? Time will tell. The average bear market rally lasts 44 days and yields a 14.1% return (before new lows are made). pic.twitter.com/pSaXPNSMj4 — Markets & Mayhem (@Mayhem4Markets) April 29, …

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Consumer Credit Unexpectedly Declines with Huge Negative Revisions Too

by Mike Shedlock Economists expected a $15.0 billion rise in consumer credit. The Fed reported -$0.8 billion. The Bloomberg Econoday consensus outlook “Expected up another strong $15.0 billion in February after rising by $18.1 billion in January.” January was revised from $18.1 billion to $8.9 billion. That’s a net miss of $25 billion. Real Consumer …

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Earnings estimates slashed, reality forces long-overdue downward revisions. S&P, Nasdaq shorts hit multi-year highs. S&P 500 trails global markets like never before since 1988

Downward #earnings revisions have been outpacing upward revisions. As you know,we have been stating for quite a while that #estimates were way to high and would have to adjust lower for #economic realities.H/T @sentimentrader pic.twitter.com/rzDVOxozSy — Lance Roberts (@LanceRoberts) March 31, 2025 BofA says trend followers have been ramping up US equity "SHORTS" ahead of …

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Bummer! January Jobs Growth Below Estimates Amid Massive Revisions, Job Gains At +143k (New Sheriff In Town!)

by confoundedinterest17 Biden is out and so are the crazy job preferences of his administration (e.g., green energy). There is a new sheriff in town (Donald Trump). Here’s what the BLS reported in Trump’s first official jobs report since he returned to the White House: total payrolls printed at 143K. down sharply from an upward revised …

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Labor data revisions show the real story behind the numbers. Food prices, especially eggs, keep soaring

We’re in a strange, contradictory market where some trends suggest stability, but the underlying reality remains volatile. Only a 22% chance of a recession occurring within the next year pic.twitter.com/nx26BqGko7 — Win Smart, CFA (@WinfieldSmart) January 24, 2025 Your food prices are in a bull market: Egg prices are now up 101% since October 2023. …

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Downward revisions to economic numbers and corporate earnings imminent. S&P breadth weakest in over a year, signaling potential downturn. Credit spreads will spike.

Remember how I warned you all that after the election, we'd suddenly start getting "surprise" and "unexpected" downward revisions on all of the allegedly glowing economic numbers? 😎 Now watch corporate earnings and forward estimates revise down. — Uncle Milty’s Ghost (@his_eminence_j) December 30, 2024 PAY ATTENTION. Warning signs are EVERYWHERE. https://t.co/BiwXM5MWdj — Uncle Milty’s …

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Industrial Production Unexpectedly Declines 0.3 Percent With Huge Negative Revisions

by Mike Shedlock Industrial production declined 0.3 percent in September. Negative revisions lopped off another 0.5 percent. The Bloomberg consensus was a decline of 0.1 percent. Factoring in negative and positive revisions the decline was about 0.5 percent. Blame the Hurricanes The Fed blames the hurricanes in its September Industrial Production Report. Industrial production (IP) decreased …

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U.S. payrolls grew by 142,000 in August, less than expected. We’ve had negative revisions in 6 out of the last 7 months.

Nonfarm payrolls expanded by 142,000 during August, down from 89,000 in July and below the 161,000 consensus forecast. The unemployment rate ticked down to 4.2%, as expected. However, the “real” unemployment rate edged up to 7.9%, its highest reading since October 2021. The previous two months saw substantial downward revisions. The BLS cut July’s total …

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Small caps have seen substantial downside earnings revisions this year.

Small caps have seen substantial downside earnings revisions this year. pic.twitter.com/yOyoCRjzHy — Piker Capital (@PikerCapital) July 18, 2024 Earlier this week, 72% of Small Cap Stocks were trading above their 200D moving average, the most in 3 years pic.twitter.com/6SLq3pFIJw — Barchart (@Barchart) July 19, 2024

Housing Starts Drop 6.6 Percent on Top of Negative Revisions

via Mike Shedlock: Housing starts and permits continue to flounder as completions slowly rise. Housing data from Census Bureau, chart by Mish. Housing starts dropped 6.6 percent in December according to the Census Bureau’s New Residential Construction Report. Building Permits Privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate …

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Job Market Deception: Unveiling the Truth Behind Downward Revisions and Rising Job Cuts

In a world inundated with headlines and media narratives, it’s crucial to question the numbers presented to us. Recent revelations about jobs reports paint a concerning picture, revealing a pattern of deception to meet political agendas and manage public perception. According to Zerohedge, 10 of the last 11 months have witnessed downward revisions in jobs …

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Disappointing Jobs Report with Downward Revisions, Rising Unemployment, and Unsettling Trend for Hispanic Workers in October!

Jobs report is out: October is lower than expected, plus more downward revisions from initial reported numbers. Unemployment is also up. 34% of reported jobs gained were in government, while manufacturing lost 35,000 jobs. View post on imgur.com Unemployment among Hispanic workers rises at faster pace in October than overall rate Among Hispanic Americans, the …

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Consumer Credit Growth Plunges in July With Huge Negative Revisions (Wasting Away In Bidenomicsville!)

by confoundedinterest17 Bidenomics is terrible! Just a huge payoff to be big donors (the donor class) for green energy, Big Pharma and Big Defense. Now Biden is considering using ankle monitors to prevent illegal immigrants from leaving Texas and traveling to welfare-friendly blue states like California and New York rather than just enforcing the border. …

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