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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.

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FAQ

Why Bearish?

The sharp downward revision of job creation reflects deeper economic weakness, signaling potential declines for S&P 500. Historical cases, like 2008, show similar job losses preceded market downturns.

How important is it?

The extensive job revision indicates significant economic challenges, impacting investor sentiment and S&P 500 valuations.

Why Short Term?

Immediate concerns regarding job market will likely pressure S&P 500 in the near term. Over time, rate cuts may alleviate pressure but require sustained recovery first.

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