Economists forecast that a revision to payrolls data could undercut a robust picture of the labor market, further pressuring the Federal Reserve to cut rates.

Concerns about a hiring slowdown have investors on edge.Nam Y. Huh/Associated PressAre jobs really vanishing?

The torrid weeklong stocks rally has taken a breather as investors again shift their focus to the weakening labor market.

With inflation in retreat, the steady rise in unemployment is expected to receive added attention from Jay Powell, the Fed chair, and his colleagues at the annual Jackson Hole economic symposium that begins tomorrow. On Wednesday, markets will face another big test when the Bureau of Labor Statistics publishes its annual payroll revisions data, a release that has investors on edge.

A topsy-turvy run in the markets has renewed focus on the economy. Weaker hiring data at the start of the month

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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