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Jobs report revision: US added 818,000 fewer jobs than believed
(by Paul Davidson USA TODAY)
The labor market last year seemed to shrug off historically high interest rates and inflation, gaining well over 200,000 jobs a month.
Turns out the nation’s jobs engine wasn’t quite as invincible as it appeared.
The U.S. Bureau of Labor Statistics on Wednesday revised down its estimate of total employment in March 2024 by a whopping 818,000, the largest such downgrade in 15 years. That effectively means there were 818,000 fewer job gains than first believed from April 2023 through March 2024.
Jobs report revision: US added 818,000 fewer jobs than believed
(by Paul Davidson USA TODAY)
The labor market last year seemed to shrug off historically high interest rates and inflation, gaining well over 200,000 jobs a month.
Turns out the nation’s jobs engine wasn’t quite as invincible as it appeared.
The U.S. Bureau of Labor Statistics on Wednesday revised down its estimate of total employment in March 2024 by a whopping 818,000, the largest such downgrade in 15 years. That effectively means there were 818,000 fewer job gains than first believed from April 2023 through March 2024.
