07-02-2020 17:24 via ocregister.com

U.S. job-growth streak barely survives data revisions

The U.S. job market’s long-running winning streak barely survived the annual revisions to employment data.
The Labor Department’s updated results found 500,000 fewer jobs than previously reported. That’s the equivalent of wiping out more than two months of job growth at recent rates.
The 2018 job gain was cut to 2.31 million from 2.68 million. The 2017 and 2019 gains were about 2.1 million, meaning each year under President Donald Trump — while still strong — has be
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