US EditionBad Jobs Report Raises New Alarms Among Republicans over Trump's Tariff Policies
The U.S. Bureau of Labor Statistics revised job gains down by 911,000 for April 2024 to March 2025, signaling a weaker labor market and increasing pressure on the Federal Reserve to cut rates.
- On Tuesday, the Bureau of Labor Statistics published a benchmark revision that significantly lowered the U.S. jobs estimate for April 2024–March 2025, marking one of the largest preliminary downward moves on record.
- The annual benchmark exercise, using state tax records, produced an unusually large revision exceeding typical ±0.2%, with Goldman Sachs economists forecasting a 550,000 to 950,000 job adjustment.
- The sector breakdown shows the information industry fell 67,000 jobs , leisure and hospitality dropped 176,000, wholesale trade declined 110,000, and monthly job growth averages slowed to 106,000 from 168,000.
- The revision immediately raised pressure on the Fed as investors priced in possible easing, with some wagering on a half-point cut while consensus expects a quarter reduction.
- Economists warn the revision underscores AI and the information sector's role in shrinking tech jobs, shaping labor trend narratives, according to Goldman Sachs' Sunday note.
68 Articles
68 Articles
Government Revises Biden-Era Jobs Data Downward by 911,000 in Historic Correction
Every day, American families make life-changing decisions based on government economic data. Whether it’s accepting a new job, buying a home, or planning for retirement,... The post Government Revises Biden-Era Jobs Data Downward by 911,000 in Historic Correction appeared first on Patriot Journal.
Biden-era job growth revised downward by nearly 1 million
The US economy added 911,000 fewer jobs between April 2024 and March 2025 compared with the initial estimate, according to Bureau of Labor Statistics (BLS) data… The post Biden-era job growth revised downward by nearly 1 million appeared first on CatholicVote org.
'Pretty bleak': Republicans warn 'we’re in a rough spot' as Trump economy takes center stage
Alarm bells are ringing for Republicans over the abysmal jobs report, released Tuesday, which revised down the number of jobs created between March 2024 to March 2025 by almost 1 million.Although this revision falls mostly during President Joe Biden’s term, the burden will be carried by President Donald Trump's administration.“In Trump’s first administration there was one year they had to revise jobs down . . . they do this often, but we’ve neve…
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Bad jobs report raises new alarms among Republicans over Trump's tariff policies
Republican lawmakers are expressing alarm and uncertainty over the strength of the U.S. economy after the Labor Department reported Tuesday that the nation had created nearly 1 million fewer jobs from March 2024 to March 2025. While the data mostly falls during former President Biden’s administration, the report offers further evidence the labor market is struggling. The monthly jobs report on Friday showed the unemployment rate, though still lo…
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