Why Wall Street got the jobs number so wrong

fortune.com/2025/07/04/stocks-wall-street-jobs-nonfarm-payroll-number-wrong

Wall Street analysts underestimated June’s U.S. jobs report, expecting weak growth due to negative private payroll data and President Trump’s angry social media posts. Today, analysts have explanations for their error: “Seasonal noise” around government hiring skewed the numbers upward,…

This story appeared on fortune.com, 2025-07-04 10:37:33.
The Entire Business World on a Single Page. Free to Use →