Job Market Reality Check: BLS Set to Erase Up to a Million Jobs from 2023-2024 Estimates The Bureau of Labor Statistics is expected to release preliminary benchmark revisions that could significantly reduce the estimated job growth for the year ending March 2024. Economists from major financial institutions predict a downward revision of between 360,000 to potentially 1 million jobs, which would be the largest adjustment in 15 years. This revision suggests that the labor market may have been cooling more rapidly and for a longer period than initially thought, potentially influencing the Federal Reserve’s decisions on interest rate cuts. The news could impact Fed Chair Jerome Powell’s upcoming speech at Jackson Hole and shape the central bank’s approach to balancing inflation control with maintaining full employment. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Price Trades With a Positive Bias for the Sixth Straight Day READ MORE Gold Reaches New All-Time High READ MORE Singapore’s central bank MAS boosts gold reserves to nearly 200 tonnes READ MORE Pandora's Eco-Friendly Shift: Committing to 100% Recycled Silver and Gold READ MORE Gold Climbs on Anticipation of Fed Rate Cuts and Middle East Unrest READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment