EXCERPT:
EGAN: "Jim, 818,000 fewer jobs were added during the period between April 2023 and March of this year. We were bracing for these revisions to come out and show that job growth was weaker, and that is what we got. This is probably on the high end of the expectations. Some of the forecasters had been saying probably around few hundred thousand jobs. Goldman Sachs had said maybe up to a million. So, this is on the higher end. We‘re seeing some of the biggest revisions downward in sectors that include manufacturing, leisure and hospitality, professional and business services.”