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The US economy added just 73,000 jobs in July: "With those monumental revisions, job growth in June was the weakest in more than four years." (lite.cnn.com)

submitted 6 days ago* (last edited 6 days ago) by Pro@reddthat.com to c/news@reddthat.com

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The US economy added just 73,000 jobs last month, and the monthly totals for May and June were revised down by 258,000 jobs, to 19,000 and 14,000, respectively, according to data released Friday from the Bureau of Labor Statistics.

With those monumental revisions, job growth in June was the weakest in more than four years.

Stock futures dropped lower after the jobs report. Dow futures were down 450 points, or 1%. S&P 500 futures fell 1.1% and Nasdaq 100 futures dropped 1.3%.

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[–] Auntievenim@lemmy.world 1 points 6 days ago

Hey remember when republicans threw an entire month long tantrum because the job numbers were revised down? I remember.