US Jobs Are About To Be Revised Lower By 650,000

Regular readers are aware that earlier this year we spotted a peculiar trend when it comes to economic data releases by the Biden admin which  - without fail - had been revised lower...

US jobless claims mysteriously surge upon "data" revision

US jobs mysteriously revised sharply lower upon "data" revision

Europe mysteriously enters recession upon "data" revision

— zerohedge (@zerohedge) June 8, 2023

Take a wild guess in which direction the May 339K NFP print was revised

— zerohedge (@zerohedge) July 7, 2023