The U.S. Bureau of Labor Statistics revised down nonfarm payroll gains for July and August by a combined 60,000 jobs. July's employment change was adjusted from +21,000 to -10,000, while August's figure was reduced from 162,000 to 133,000. The downward revisions signal a weaker labor market than previously reported, with July now showing net job losses instead of modest gains. The updated data reduces the two-month employment growth total by 60,000 positions compared to initial estimates.