Feed: Slashdot
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Title: US Created 911,000 Fewer Jobs Than Previously Thought in the 12 Months
Through March
Link: https://news.slashdot.org/story/25/09/09/1513...
U.S. jobs growth was much slower than previously reported, according to
revised data released on Tuesday. From a report: The number of jobs created
in the United States from April 2024 to March 2025 was revised down by
911,000 by the Bureau of Labor Statistics. That would roughly amount to
76,000 fewer jobs created each month of the year up until March. The revision
draws fresh attention to the weakening U.S. labor market, which added an
average of only 29,000 jobs in each of the three most recent months. The
August jobs report showed that the U.S. added only 22,000 jobs that month and
also revised June's job growth down to a loss of 13,000 jobs. Those
datapoints have led economists and some policymakers to conclude that the
U.S. labor market is now at a standstill. "The jobs engine that has been
integral to U.S. economic growth defying expectations for the past four years
is stalling," Sarah House, a senior economist at Wells Fargo, said in a note
on Friday.
Read more of this story at Slashdot.
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