The Kobeissi Letter pfp
The Kobeissi Letter

@thekobeissi.base.eth

This is concerning: US job numbers have been revised down in all 11 months in 2025 by a total of -624,000 jobs. In other words, each job's report last year was revised down by an average of -56,728 jobs. On Friday, November's jobs report was revised down -8,000 to +56,000. At the same time, October's jobs report was revised down by -68,000, to -173,000, to the weakest monthly reading since December 2020. If this average pace continues, the December jobs report would be revised down to ~-6,700 from the initially reported +50,000. What is happening here?
0 reply
0 recast
0 reaction