nygazet.com logo

Fed official says last week's jobs revisions could signal an economic turning point

Fed official says last week's jobs revisions could signal an economic turning point
business8/6/2025

Federal Reserve Governor Lisa Cook said the significant downward revisions to the monthly jobs numbers could point to an economic shift.

A Federal Reserve official on Wednesday called last week's tepid jobs report "concerning," and said its significant downward revisions could signal an economic shift in the U.S. Federal Reserve Governor Lisa Cook highlighted the report's sizable down... [3058 chars]