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- ⚠️US labor market lost jobs in Q2 2024
⚠️US labor market lost jobs in Q2 2024
2025 revisions will likely show that Q2 2024 job growth was negative
The Philadelphia Fed research revealed that nonfarm payrolls declined by 0.1% in Q2 instead of growing 1.1% as previously reported.
In other words, the 442,000 jobs created in Q2 will likely be REVISED DOWN to negative in Q1 2025, according to the Philadelphia Fed analysis.
To emphasize, official job losses never occurs outside recessions. Are we awaiting an announcement of a recession in 2025 by the National Bureau of Economic Research (NBER)?
It is getting more likely.
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