U.S. Job Growth Revised Down by 911,000 Jobs for Year Ending March
By
JumpCrisscross
Pale and squishy. Not ruined, just not done.
Summary
The U.S. Bureau of Labor Statistics revised down job growth figures by 911,000 jobs for the year ending March, indicating significantly weaker labor market conditions than previously reported. The revision cuts more than half of the originally reported 1.79 million jobs added during this period.
Key quotes
· 3 pulledThe pace of job growth was likely significantly weaker than reported from early 2024 through early this year
The U.S. added 911,000 fewer jobs over the 12 months that ended in March
trimming by a bit more than half the 1.79 million jobs the official data now show
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