US EditionUS Added Nearly A Million Fewer Jobs Than Reported
The Bureau of Labor Statistics reported 911,000 fewer jobs added from April 2024 to March 2025, the largest downward revision on record, highlighting a weaker labor market before new tariffs.
- Tuesday's benchmark revision showed the Bureau of Labor Statistics found hiring was overstated by 911,000 jobs, with only about 849,000 added instead of 1.76 million for the year ending March.
- The BLS's annual benchmark process revises jobs data by matching survey samples with tax records, and economists had expected a correction near 682,000 to 950,000 jobs.
- Industry-Level revisions reveal leisure and hospitality, professional and business services, and retail trade cut by 176,000, 158,000, and 126,200 jobs respectively, while monthly job-growth averages dropped sharply to 106,000 from 168,000 in 2024.
- Investors quickly reacted, trading at 99.1% odds for a quarter-point Fed rate cut shortly after the report; the Federal Reserve will factor the revision into its Sept. 17 meeting decision.
- With the agency in the spotlight, the White House is pushing BLS reforms after President Donald Trump ousted former BLS chief Erika McEntarfer last month and nominated E.J. Antoni, still unconfirmed by Congress.
36 Articles
36 Articles
U.S. economy added 911,000 fewer jobs than previously believed
A new report from the Bureau of Labor Statistics shows that for the period from April 2024 to March of 2025, the U.S. economy added far fewer jobs than previously reported. The routine revision is based on new data and could add pressure to the Federal Reserve to lower interest rates next week. NBC News’ Christine Romans explains what it means.
Bureau of Labor Statistics Revises Job Growth by Nearly 1 Million Through March
by Ben Whedon The Bureau of Labor Statistics on Tuesday published a revised assessment of jobs growth from April 2024 through March 2025, revising the figure downwards by nearly 1 million jobs. The downward revision saw the BLS reduce its preliminary figures by 911,000 jobs, Fox Business reported. That figure marks the first annual benchmark from the BLS since President Donald Trump fired the previous commissioner, accusing her of cooking the …
White House: Trump committed to tariffs despite massive overinflation of jobs data
President Donald Trump is sticking with his tariffs, despite new data published Tuesday by the Bureau of Labor Statistics showing that the country added roughly 1 million fewer jobs than previously reported over the past year. Under former President Joe…
The U.S. economy actually grew by nearly a million fewer jobs than previously thought, and 'AI is automating away tech jobs,' economist says
"The revision shows the economy entered 2025 with less momentum than previously understood,” said Bill Adams, Chief Economist at Comerica Bank.
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