Nonfarm payroll growth revised down by 818,000, Labor Department says
The U.S. economy added 818,000 fewer jobs than initially reported for the 12-month period ending in March 2024, according to the Labor Department’s latest revision. The Bureau of Labor Statistics’ adjustment shows job growth was nearly 30% lower than the previously reported 2.9 million, marking the largest downward revision since 2009. Despite the revision, job creation still exceeded 2 million during the period, though the … Continue reading Nonfarm payroll growth revised down by 818,000, Labor Department says
