US Jobs Data Overstatement: Possible Adjustment Could Lose Up to 1 Million Jobs
US job growth could be overstated, leading to data revisions and possible job losses of up to 1 million. This could impact the Fed's interest rate decisions.
Foreign media outlets are concerned that the data on job growth in the US may be overstated. If these data are revised, an adjustment is possible that will lead to a loss of 600 thousand to 1 million jobs. This may have a serious impact on the upcoming decisions of the US Federal Reserve System (FRS) on interest rates, which, in turn, will affect the country's economy. In the context of the upcoming elections, the importance of accurate accounting and analysis of data is especially significant, because, as they say, it is not so important how they vote, it is important how they count.
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