In our July Issue of InvesTech Research, we highlighted multiple signs that the labor market was likely weaker than headline figures implied…
While many cheered the recent jobs report, underlying employment data shows the Fed could be losing this battle too.
InvesTech Research, July 18, 2025
This morning’s Jobs Report for July confirmed our suspicions as it included revisions for May and June showing 258 thousand fewer jobs added.
US jobs market shows cracks as downward revisions stun in scope
Yahoo Finance, August 1, 2025
In fact, the number of jobs added has been downwardly revised every month this year as job growth slows beneath the surface. With these revisions, over 450 thousand fewer jobs have been added than originally reported!
This newly revealed weakness in the labor market heats up the Fed’s showdown. As increasing signs suggest they could be losing both sides of their battle, the Fed must find a way to balance the faltering job market without further reheating inflation.