Government: US economy added 818,000 fewer jobs than first reported in year that ended in March
Headline from KEYT Santa Barbara
WASHINGTON (AP) — The U.S. economy added 818,000 fewer jobs from April 2023 through March this year than were originally reported, the government says.
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WASHINGTON — The U.S. economy added 818,000 fewer jobs from April 2023 through March this year than were originally reported, the government said Wednesday. The revised total adds to evidence that the job market has been steadily slowing and likely reinforces the Federal Reserve’s plan to start cutt…
WASHINGTON (AP) — The U.S. economy added 818,000 fewer jobs from April 2023 through March this year than were originally reported, the government says.
A preliminary report from the Labor Department shows U.S. employers added 818,000 fewer jobs in the year ending in March than initially reported. The news comes during an election season in which the strength of the economy is a key issue for voters.
The Labor Department released payroll data that provided a look at job creation in the year through March, which is much weaker than previously believed.
The downward revision comes with the strength of the U.S. labor market in full focus after the unemployment rate rose last month to its highest level since Oct. 2021.
U.S. job gains over the 12 months ending in March were revised downward Wednesday by 818,000 — a significant revision that adds to recent concerns that the economy has been slowing.
The U.S. economy added 818,000 fewer jobs from April 2023 through March this year than were originally reported, the government said Wednesday. The revised total adds to evidence that the job market has been steadily slowing and likely reinforces the Federal Reserve's plan to start cutting interest …
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Government: US economy added 818,000 fewer jobs than first reported in year that ended in March | Since Then
