BLS rewrites US jobs history

Wednesday 10th September 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABAlthough we said yesterday that revisions to the BLS jobs data for the year to March are a piece of history, the size of the downward revision does flag the issue about just how accurate these numbers are. The revision basically wipes out half the jobs growth for the year to March, following a big revision down the year before. The markets didn’t respond too much to the data, but it provided an opportunity for Scott Bessent to call for faster cuts and question the effectiveness of the Fed. Markets were also constrained in their reaction to the Israeli bombing of a building in central Doha - oil rose a little and gold reached another new high. Today, the inflation numbers start to flow through, with CPI and PPI for China and PPI for US (CPI tomorrow). Hosted on Acast. See acast.com/privacy for more information.