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WASHINGTON (AP) — 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 federal government routinely revises economic data, but it rarely makes a correction as large as it did on Wednesday, when the Bureau of Labor Statistics reported America’s economy created ...
Wednesday's release shows the US labor market added fewer jobs than initially reported in the 12-month period ending in March 2024 but economists are wary about reading too much into the release.
WASHINGTON (AP) — 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 rates soon.
In August, the Labor Department announced that it had overstated the number of jobs added to the U.S. economy from March 2023 to March 2024 —and by quite a bit. The economy added 818,000 fewer ...
U.S. added 818,000 fewer jobs than thought, adding to concerns about a slowing economy ... The change means that roughly 2.1 million jobs were created in the U.S. in the past year, compared with ...
The central bank has maintained its benchmark overnight interest rate in the current 5.25%-5.50% range for more than a year, having raised it by 525 basis points in 2022 and 2023 to quash high ...
The US economy added 818,000 fewer jobs to the economy than initially reported from April 2023 through March 2024. The US economy just saw a big downward revision in jobs added over the past year ...