Liz Ann Sonders reports higher payrolls revision for May
@LizAnnSonders: Sonders reports payroll revision
In a recent tweet, Liz Ann Sonders, a prominent voice in economic analysis, shared that payroll figures for May have been revised upwards. This marks the first positive revision since December 2024.
Payroll revisions are a closely watched indicator as they often reflect underlying economic conditions more accurately than initial reports. The upward revision indicates a potentially stronger economic footing than initially thought. While the changes are described as slight, such revisions can influence financial markets, policy decisions, and economic forecasts.
This advancement follows a series of negative or unaltered revisions, suggesting a shift in labor market conditions. Analysts and investors may view this revision as a signal of resilient employment growth, potentially impacting future economic projections.
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The latest upward revision in payrolls not only signals a potentially stronger labor market, but also aligns with recent monetary policy developments, such as the Federal Open Market Committee’s decision to maintain rates while projecting a possible adjustment in 2025—a stance thoroughly examined in the context of market expectations in FOMC holds rates steady as dot plot signals 2025 cut. The combination of improving employment data and robust corporate actions, as seen in the surge of S&P 500 buybacks reaching a record in the first quarter of 2025, underscores persistent confidence in the U.S. economic outlook despite lingering uncertainties.
In the previous news, tweet author Liz Ann Sonders discussed changes in manufacturing trends based on PMI data.
