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Published 15 days ago

'Big downside revisions coming': A famed economist who called the 2008 recession warns jobs data will shockingly turn sour in the next 6 months — and says a stock-market AI bubble is starting to unravel

Summary by Business Insider
Spencer Platt/Getty ImagesApril's jobs report missed expectations, with the US economy adding 175,000 jobs.David Rosenberg believes the non-farm payroll data is overstated due to flawed BLS methods.Rosenberg warns of substantial downward revisions ahead for non-farm payroll data.April's jobs report fell short of expectations: The Bureau of Labor Statistics said on Friday that the US economy added 175,000 jobs last month, shy of economists' forec…

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