No. of Recommendations: 3
If the report today "meets expectations", it's perfect for Trump, as it opens the door to blaming Biden, forever. But, is the "revision" real, or the payoff for the cush job?
US job growth through March expected to be revised down sharply
WASHINGTON (Reuters) -The level of U.S. employment for the 12 months through March could be slashed by as many as one million jobs when the government publishes its preliminary nonfarm payrolls benchmark estimate on Tuesday, economists predicted.
It would suggest the labor market was already struggling before President Donald Trump's aggressive tariffs on imports. An immigration crackdown by the White House has undercut labor supply, while a shift by businesses to artificial intelligence tools and automation is curbing demand for workers.finance.yahoo.com - US job growth march expectedThe guest I saw on Yahoo's finance channel, a week or two ago, said that due to tight labor supply, "JCs" will react by not creating very many jobs, because they can't fill them. They will either automate the jobs, or do without.
Steve
