January 1, U.S. Job Report Unleashes Unexpected Shock, With Major Revisions Lasting Impact

Wyatt’s Take

• Payrolls plunged 92k month-over-month
• Employment dropped 185k
• Unemployment spiked 203k

Our economy dumped 92,000 jobs last month. That’s way worse than the expected gain of 60,000.

Unemployment ticked to 4.4% as 7.6 million folks hunt for work. Revisions made December and January look 69,000 worse combined.

This mess hit before striking Iran jacked up energy prices.

UGLY jobs report – no way to sugar coat it, and the downward revisions still aren’t fixed

Folks in the heartland, wake up to this job-killing reality. Demand leaders who fight for your paycheck.

Wyatt Matters

Real pain strikes factory towns and farms first. We need policies that protect American workers from DC disasters.

Full story here