The devil, of course, is in the details, and Goldman Sachs – anticipating the sizable downward adjustment – earlier this week explained why the revisions themselves were as likely as the originally reported numbers to be erroneous. The true monthly pace of jobs growth, according to the bank, is likely to have been 200,000-240,000, a perfectly acceptable number in a growing economy.
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Stephen Alpher
https://www.coindesk.com/markets/2024/08/21/bitcoin-gets-brief-boost-after-us-employment-growth-revised-lower/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-08-21 15:00:12
