News Formal

Labor market revisions hit those watching labor revisions hardest: Morning Brief

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 44 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 63%

Bureau Of Labor Statistics Nouvelles

Labor Market,Economic Data Releases

Data from the US government published Wednesday offered new insight into why those in the tech world are so downbeat about the job market right now.

The annual benchmark revisions from the Bureau of Labor Statistics out Wednesday were closely watched by investors, with the reportAs the team at Capital Economics pointed out in response on Wednesday, this implies the average monthly job gains seen from March 2023 through March 2024 were closer to 174,000 rather than the 242,000 initially reported.

And Wednesday's report offered a clue as to why the kind of worker who is paid or has the time to comment on revisions to BLS data might, specifically, believe this to be the case. In total, Wednesday's revisions took 0.5% off the estimated size of the workforce as of March. But for these three industries — business services, information, and financial activities — the drops were 1.6%, 2.3%, and 0.8%, respectively.

US Political Ad Spending Forecast 2024 US Political Ad Spending Forecast 2024 Dublin, Aug. 22, 2024 -- The "US Political Ad Spending Forecast 2024" report has been added to ResearchAndMarkets.com's offering. US political ad spending will vault past $12 billion in 2024 - a new high - to nearly triple the $4.25 billion spent in 2016. As campaigns spend more, they are increasingly investing in digital formats like CTV.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Meme stocks are surging again, which may be good news for the risk rally: Morning BriefAs stocks recover from losses this month, a familiar feature of the post-pandemic market has reappeared.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Microsoft's dominant 21st century offers a key lesson for stock market investors: Morning BriefOver the last 25 years, change among the world's largest companies has been dramatic. But Microsoft is the only company to have been been ranked inside the...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Tech stocks rebounding, new Paramount bid: Morning BriefThe Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) indexes are rebounding Friday morning from downward pressures that hit tech stocks (XLK) at the beginning of...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stocks still have the same problem after a wild Monday in markets: Morning BriefThe stock market was rocked Monday, but a third straight day of selling pressure didn't change the biggest problem for investors right now: the Federal...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »