Reported about 22 hours ago
Recent government revisions indicate that US employment figures for March 2025 reflect 911,000 fewer jobs than previously reported, revealing a significantly weaker labor market. This adjustment has halved the average monthly job growth rate, raising concerns about the ongoing economic conditions and putting pressure on Federal Reserve Chair Jerome Powell to consider interest rate cuts. The largest revisions were noted in the leisure and hospitality sectors, with critiques of the Bureau of Labor Statistics intensifying amid the political climate surrounding data integrity.
Source: YAHOO