The BLS just released their latest revision (AKA the original data was dead wrong and they’re correcting their mistake), and it’s a new record: 911,000 jobs that were supposed to be created were never created. Again, this is an unprecedented level of using a pencil eraser.
Since the market is dying for the sugar-hit of a rate-cut, it spiked briefly on this bad news (because bad news is good news) although it didn’t really following through. It’s just flopping around like a freshly-landed bass in a boat at the moment.
