Jobs growth revised down by staggering 911K — all but sealing case for Fed to cut rates next week
1. US job creation revised down by 911,000, raising economic health concerns. 2. Average monthly job growth now estimated at only 70,000. 3. Potential Federal Reserve rate cuts could be impacted by worsening jobs data. 4. Concerns about stagflation if inflation trends worsen. 5. Job losses mainly in leisure, hospitality, and retail sectors.