Jamie Cox
Coverage of Jamie Cox in the Nexus archive.
- On Wall Street, analysts increasingly don’t believe the U.S. government’s ‘misleading’ job numbers
Wall Street analysts are questioning the accuracy of the U.S. Bureau of Labor Statistics' June jobs report, particularly the leisure and hospitality sector's reported job loss during the World Cup. Economists from major institutions argue the numbers are misleading and expect upward revisions as more data becomes available.
- Wall Street squeezes out minor gains on so-so jobs data
Wall Street saw modest gains amid mixed jobs data, with the Dow Jones Industrial Average setting a new record and the S&P 500 and Nasdaq recovering from previous losses. The June jobs report showed weaker labor market growth and downward revisions to prior months, but analysts suggested the data may be misleading due to a 61,000-job drop in the leisure and hospitality sector, which could be revised upward in the coming months.
- ‘More fizzle than sparkle’: June jobs report fails to launch a July 4 firework
June’s jobs report showed weaker-than-expected job growth with 57,000 payrolls added, down from previous months, and a drop in labor force participation to 61.5%, as economists noted concerns over a shrinking labor force and mixed sector performance.