JPMORGAN: PAYROLL REVISIONS NOT WORSENING JPMorgan says BLS payroll revisions, despite the recent 258,000 downward change for May–June, haven’t trended higher over time and have generally declined since the 1990s, except during disruptions like COVID-19 or 2008. Revisions often come in streaks of gains or losses but aren’t tied to the business cycle and are usually smaller than those for other key indicators.(*Walter Bloomberg)