The new data, published Tuesday morning, speaks to a weak job market during both former President Joe Biden and President Donald Trump’s terms—and is another harbinger of economic turbulence to come.
This is the second time in a week that Americans have been hit with troubling economic news.
Annual revisions are normal, but this one is pretty significant: it’s the largest since the 2008 Recession. It also comes at a bad time for Trump, who just fired the head of the BLS last month because her jobs report was weaker than expected.
No wonder economists are saying that we may be “on the brink” of a recession.
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