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in Economy

U.S. job growth revised down by the most since 2009. Why this time is different

by Editor August 22, 2024, 12:53 am 1.1k Views

People line up as they wait for the JobNewsUSA.com South Florida Job Fair to open at the Amerant Bank Arena on June 26, 2024, in Sunrise, Florida.

Joe Raedle | Getty Images

There’s a lot of debate about how much signal to take from the 818,000 downward revisions to U.S. payrolls — the largest since 2009. Is it signaling recession?

A few facts worth considering:

By the time the 2009 revisions came out (824,000 jobs were overstated), the…

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U.S. job growth revised down by the most since 2009. Why this time is different

Posted by Editor

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