Why Recent Revisions to U.S. Job Reports Are Getting Attention

U.S. job reports have been revised down by roughly 710,000 jobs in total.

For the past year, the monthly jobs reports in the United States have told a story of a strong labor market. Headlines have regularly highlighted steady job growth and a resilient economy. Those reports often shape how people think about the health of the economy, from investors on Wall Street to small business owners and everyday workers.

However, somet…