Economists: US employment data may be revised sharply downward again, which may stimulate bets on interest rate cuts
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最新报道：According to a report from Bijie.com on September 8th, U.S. job growth in the year ending in March was likely far less robust than current government data suggests, highlighting a labor market slowdown that preceded the summer hiring slowdown. Economists at Wells Fargo, AlliedSignal, and Panson Macro predict that the Bureau of Labor Statistics' annual benchmark revision to the nonfarm payroll report, released on Tuesday, will show nearly 800,000 fewer jobs in March than currently estimated, or an average of about 67,000 per month. Nomura, Bank of America, and Royal Bank of Canada suggest the downward revision could even be closer to 1 million. While the data is slightly outdated, a significant downward revision would indicate a significant weakening of labor market momentum last year and reinforce market expectations for a series of interest rate cuts from the Federal Reserve. A second consecutive year of significant revisions to employment data would also likely draw the ire of President Trump, who has criticized the accuracy of the Bureau of Labor Statistics' data.
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