Spyke

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Total nonfarm payroll employment increased by 142,000 in August, and the unemployment rate changed little at 4.2 percent, the U.S. Bureau of Labor Statistics reported today.

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Just to clarify by downward you mean revised downward in the emotionally negative sense not the actual number shrinking right? If I can recall they have been increasing the numbers largely with each revision.

I think the fed takes this into account for what it’s worth, and have a sense of how much to emphasize the data. I might trust them too much but only time will tell on that!