A Federal Reserve official on Wednesday called last week's tepid jobs report "concerning," and said its significant downward revisions could signal an economic shift in the U.S.

Federal Reserve Governor Lisa Cook highlighted the report's sizable downward revisions to jobs created in May and June, saying that they are "typical of turning points" in the economy.

Friday's report showed that employers added a weaker-than-expected 73,000 jobs in July. The Bureau of Labor Statistics, or BLS, also sharply revised its job estimates for May and June, saying that the U.S. added 258,000 fewer jobs than previously reported.

After Friday's report, President Trump fired the BLS commissioner of labor statistics , claiming that the revisions undermined the data's accuracy. He added that "E

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