The Biggest Payroll Revision In U.S. History (911,000 Jobs Were Fake)
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A record downward revision to payrolls adds to the evidence that the US labor market is in dire shape while also heading in the wrong direction. In this video, we go over not just those details but also look ahead at the possible financial consequences should conditions continue to deteriorate in the way they appear to be. What else might be triggered by job losses in the real economy? More than a few possibilities.
Video Length: 00:19:50
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