U.S. Added 818,000 Fewer Jobs Than Previously Thought From March 2023 To March 2024, Government Says

U.S. employers might have added fewer jobs in the 12 months through March than previously reported, according to a preliminary Labor Department revision of the data.

U.S. employers might have added fewer jobs in the 12 months through March than previously reported, according to a preliminary Labor Department revision of the data.

U.S. economy added 818,000 fewer jobs than first reported, sign job market has been slowing

The Labor Department estimated that job growth averaged 174,000 a month in the year that ended in March — a drop of 68,000 a month from the 242,000 that were initially reported. The revisions released Wednesday were preliminary, with final numbers to be issued in February next year.

New BLS Report Revises 2023 Job Growth Down by 818,000

The Bureau of Labor Statistics released its revision for the March 2022–March 2023 employment statistics. The announcement showed that the total number of annual nonfarm jobs added during the period was 818,000 fewer than originally anticipated. Instead of job growth of 2.9 million, the past year saw job growth of just over 2 million, a decrease of almost 30 percent. While analysts were expecting a downward revision, the magnitude of the change—…

The labor market added 818,000 fewer jobs than earlier reported. Here's what experts say that means.

New government data shows the job market was weaker than earlier reported. That could pave the way to a September rate cut.

U.S. Economy Added 818,000 Fewer Jobs Than First Reported

WASHINGTON — The U.S. economy added 818,000 fewer jobs from April 2023 through March this year than were originally reported, the government said Wednesday. The revised total adds to evidence that the job market has been steadily slowing and likely reinforces the Federal Reserve’s plan to start cutting interest rates soon. [time-brightcove not-tgx=”true”] The Labor Department estimated that job growth averaged 174,000 a month in the year that en…

Trump accuses Biden admin of 'MASSIVE SCANDAL' after new jobs numbers dramatically revised downward

Former President Trump quickly jumped on a massive downward revision by the Labor Department on new job growth, charging that the Biden-Harris administration "PADDED THE NUMBERS."