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Jobs: Seven Straight Months of Downward Revisions

Exploring Finance | SchiffGold | 07 Aug, 2025

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on.

Current Trends

The jobs report showed a very modest increase of 73k jobs. The bigger news, as always, is the revision of prior months and the household survey.

  • Last month was revised down from 147k to 14k
  • May was revised down from 139k to 19k
  • The July Household survey reported job losses of 260k
birth death model BLS employment revisions Household Survey job creation jobs report labor force labor market unemployment