Reported about 9 hours ago
Recent downward revisions in monthly job growth estimates reveal that the labor market may have added between 475,000 and 900,000 fewer jobs from April 2024 to March 2025 than previously reported. Economists attribute these changes to factors such as errors in job creation estimations, declining response rates in surveys, and adjustments related to undocumented workers. The Bureau of Labor Statistics will release preliminary data for their annual benchmarking process, a routine yet critical update to ensure the accuracy of employment statistics, highlighting concerns about data reliability amid a tense economic climate.
Source: YAHOO