BLS revises 2024 employment growth lower, more reductions expected

From Investing.com: 2024-12-18 06:26:00

The BLS revised 2024 employment growth lower by 818k jobs, with more reductions expected in January. The Philadelphia Fed warns of further downward revisions in the final CES, impacting asset prices. Market trading remains volatile, with potential rate cut discussions at the FOMC meeting. Technical divergence and deteriorating breadth signal caution for investors. Speculative fever in FartCoin and Hawk Tuah highlights crypto market excesses. Navigating the market requires balancing optimism with caution, with increased caution warranted in 2025. Flexibility and disciplined strategy are key for long-term capital growth.



Read more at Investing.com: More Revisions Could Be Coming to Employment Data