India Suffers Trump's Wrath
Big news from the week! $S&P 500(.SPX)$
United States non-farm payroll employment for May and June 2025 has been revised down by 258,000 from 291,000 previously to 33,000 currently.
If you are scratching your head now wondering what is this, you have come to the right place!
Don’t let the fancy name distract you.
Non-farm payroll employment just means how many Americans have a job in the U.S. excluding the agricultural sector.
It covers about 80% of the American workforce, and is an important economic indicator for investors to follow as
It describes the state of the U.S. job market
Relates directly to whether Americans have a job and are they spending
The statistics is provided by the Bureau of Labour Statistics (BLS), and is revised twice throughout the year.
The reason why it’s revised is because BLS computes the numbers based on survey responses. The higher the survey response, the more accurate and vice versa.
Here’s why this is important to you.
This revision in numbers means two interpretations
Previously, investors thought the economy was doing well, with 298,000 jobs added to the U.S. economy.
Now, investors have changed their mind as only 33,000 jobs are added.
The bottom line is that the U.S. economy was thought to be going strong, but now, it is probably on the brink of a recession.
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