U.S. added 79,000 fewer jobs in 12 months through March, BLS says
The U.S. Bureau of Labor Statistics reported that the economy added 79,000 fewer jobs than previously estimated over the 12-month period ending in March. This downward revision reflects a broader trend of decelerating job growth in the U.S. labor market.
Why it matters
Labor market data is a critical indicator for economic health and influences Federal Reserve policy decisions regarding interest rates.
SHARE Key Takeaways AI Summary Analyzing article... The U.S. economy likely created 79,000 fewer jobs in the 12 months through March than previously estimated, the government said on Friday.
The preliminary annual benchmark revision estimate to the closely watched payrolls data from the Labor Department's Bureau of Labor Statistics (BLS) came weeks after it reported a surprise drop in employment in July.
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