Jobs: U.S. employment is 501,000 lower than believed after revisions

USA TODAYThe labor market seemed to defy gravity last year, generating more than 200,000 jobs a month despite a historically low unemployment rate that made it harder for employers to find workers.The Labor Department revised down total job gains from April 2018 to March 2019 by 501,000, the agency said Wednesday, the largest downward revision in a decade.

The large change means job growth averaged 170,000 a month during the 12-month period, down from the 210,000 initially estimated, according to JPMorgan Chase.Recession rumblings:Employment in several industries was revised down especially sharply. Payrolls dropped 175,000 in leisure and hospitality, and 146,000 in retail – two bellwether service sectors that depend heavily on consumer spending, the economy’s main engine.

Some industries saw their job figures revised up modestly, with a gain of 33,000 in information – including movies, broadcasting, publishing, telecommunications and some technology services – and 20,000 in financial activities. "The mystery was how the economy is continuing to get 200,000 jobs a month," says economist James Marple of TD economics."It's less of a mystery now."

Good article about the economy. Some wonder why USA Today never reports anything positive about 45 & his administration. When they start doing something w/o lying or having to revise their own statistics, maybe the media would report it. All Americans want is the truth.

For those in the little red caps, does all “fake news” start with statements like “The Labor Department revised down total job gains ...”? I’m just trying to appreciate your cognitive processes.

And why do you think this was? The man child constantly lies and you don’t think he had the numbers inflated? staywoke ***********************************

Hmmmm... every place I’ve been or seen in the last week is hiring soooooooo..... 🤷🏼‍♀️ it’s easier to sit at home and do nothing and let the tax dollars support you and every choice you make.

The “Trump Effect”...just make shit up.

People don't want low paying jobs when they technically make more getting free healthcare subsidized housing and welfare from the state

Y’all gonna push for recession still? Shame on you

FakeNews FakeNewsMedia MAGA KAGA2020

Has reported one thing positive about realDonaldTrump this year? One thing! Think about it lemmings.

RT to RealDonaldTrump...GOP...SeanHannity...RushLimbaugh

time period overlaps with Obama and Trump both

Still have alot more than the black racist had

Faked News!!

Yeah, well ... people have been saying that and the WH calls it lies and fake news.

Wow another lie from the Trump administration.

Another fake news! The propaganda of recession didn’t work! 😂😂😂😂😂

Fucking derp.

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