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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

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

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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