“It is important for markets to remember that these are not job losses, it is just that the job count was never that high.”

Chris Rupkey, chief economist at FwdBonds, commented on The Bureau of Labor Statistics’ preliminary annual benchmark review of employment data that suggests that there were 818,000 fewer jobs in March of this year than were initially reported. Read the CNN article, “New Data Shows U.S. Job Growth Has Been Far Weaker Than Initially Reported.”