Will the Fed cut interest rates by half a point?
CBS America · New
CBS America
New
Revised data from the Bureau of Labor Statistics showed the U.S. economy added nearly a million fewer jobs for the 12 months that ended this past March than previously reported.
Breakdown
- Revised data shows nearly a million fewer jobs were added than previously reported.
- This is the largest annual jobs revision on record, spanning two administrations. 48s
- The slowdown in the job market has been ongoing for over a year and a half. 1m 12s
- Markets have not reacted strongly as the economy has avoided recession. 1m 30s
- The Federal Reserve faces increased pressure to consider a larger rate cut. 1m 56s