U.S. added 79,000 fewer jobs in 12 months through March, BLS says
- The BLS reported Friday the economy likely created 79,000 fewer jobs in the 12 months through March than previously estimated, marking a significant downward revision to payroll figures.
- Using Quarterly Census, Employment, and Wages data, the BLS annually rebenchmarks payroll estimates against a comprehensive count covering more than 95% of U.S. jobs.
- Private-Sector payrolls are expected to be revised down by 178,000, according to the Bureau. Recent years have seen large revisions due to lower response rates and the influx of Illegal immigrant workers.
- President Donald Trump faces political headwinds as his economic approval ratings have plummeted in Recent months, driven by high inflation paired with modest job growth.
- Earlier this month, Brett Matsumoto joined the Bureau as a Trump appointee. Last year, President Donald Trump fired BLS Commissioner Erika McEntarfer after a weak jobs report, calling it "rigged.
12 Articles
12 Articles
Payroll jobs estimate likely to be revised down by 79,000
The federal government’s estimate of the total number of payroll jobs is likely to be revised down by 79,000, the Bureau of Labor Statistics said Friday. The update, a preliminary notice of forthcoming revisions to the jobs numbers, means that the labor market has been weaker than thought. That is a blow to President Donald Trump, whose economic approval ratings have plummeted in recent months thanks to high inflation, which has been accompanied…
The strength of the U.S. labor market was probably less than initially reflected in the published data, according to the preliminary estimate of the review carried out by the U.S. Bureau of Labor Statistics, which points to a discount of 79,000 non-agricultural payrolls in the twelve months until March 2026. The data of the preliminary downward review comes after the July U.S. economy destroyed 23,000 non-agricultural jobs, a result far below ex…
The preliminary reference review of the BLS indicates that the level of non-agricultural employment in the United States until March 2025 was 898,000 jobs lower than previously estimated, an adjustment equivalent to 0.6% that reinforces doubts about the strength of the labor market. The data comes after an unexpected fall in employment in July and amid factors such as corporate caution, artificial intelligence, retirements and migration measures…
The US economy probably created 79,000 fewer jobs in the 12 months until March than previously estimated, the government reported this Friday.
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