Tags: jobs | labor | revised | down

US Job Growth in Past Year Revised Down by 598,000

US Job Growth in Past Year Revised Down by 598,000
A cyclist rides past a "Now Hiring" sign posted on a business storefront in San Gabriel, California on August 21, 2024. (Frederic J. Brown/AP)

Friday, 07 February 2025 09:16 AM EST

The U.S. economy created 598,000 fewer jobs in the 12 months through March than previously estimated, the Labor Department's Bureau of Labor Statistics (BLS) said Friday.

The final nonfarm payrolls benchmark revision was less than the 818,000 reduction the BLS estimated in August. The numbers are not seasonally adjusted.

Economists had expected the level of employment over the 12-month period would be reduced by about 668,000 jobs following updates to the Quarterly Census of Employment and Wages data for the first quarter from which the BLS based the payrolls benchmark revision.

© 2025 Thomson/Reuters. All rights reserved.


StreetTalk
The U.S. economy created 598,000 fewer jobs in the 12 months through March than previously estimated, the Labor Department's Bureau of Labor Statistics said Friday.
jobs, labor, revised, down
91
2025-16-07
Friday, 07 February 2025 09:16 AM
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