ABC Only Network to Report Massive Downward Jobs Revision

ABC WORLD NEWS TONIGHT

8/21/24

6:47 PM

DAVID MUIR: Now to the economy tonight. Newly revised jobs data showing the jobs market hasn't been as hot as it seemed. 818,000 fewer jobs were added during the 12 months that ended in March than previously reported. This puts more pressure on the Federal Reserve to cut interest rates, potentially by half a percentage point next month which could, of course, lower car loans, mortgages, and credit card rates.