US job market weaker than thought, Fed rate cuts loom

The US job market was much weaker last year and early this year than originally reported, adding to concerns about the health of the nation’s economy.
Employers added 911,000 fewer jobs than originally reported in the year that ended in March, the Labour Department reported on Tuesday.
The department issues the so-called benchmark revisions every year. They are intended to better account for new businesses and those that have gone out of business. The numbers issued on Tuesday are preliminary….  

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