Will US jobs numbers be revised down today?
It's the day that last years jobs data in the US is recalibrated, based on tax records. Could it show a big downward revision? Does it matter?
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 9th September 2025
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Are we about to see a big downward revision in US jobs data? Today a recalibrated set of results for the year to March will be released. Last time it showed a downward revision of 818,000 jobs. NAB’s Taylor Nugent says its ancient history and he doesn’t expect the markets, or the Fed to pay too much attention. He also talks to Phil about the collapse of the French government – again - and the positive market reaction to the resignation of Japan’s PM Ishiba. Locally, the NAB Business Survey is the key release to keep an eye out for.
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