Part 6/9:
Even more concerning is the chain of revisions across 2024, with over 818,000 jobs being retracted from earlier estimates. Such discrepancies have led to skepticism among analysts, especially following a preliminary July report indicating only 73,000 new jobs—a figure that might be revised downward again. If sustained, these downward revisions suggest the U.S. economy is weakening rather than strengthening, providing the Federal Reserve with a compelling reason to consider lowering interest rates.