Author Topic: US job growth through March revised lower by 911K  (Read 209 times)

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Online mystery-ak

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US job growth through March revised lower by 911K
« on: September 09, 2025, 11:22:22 am »
September 9, 2025 10:02am EDT

US job growth through March revised lower by 911K
BLS uses more accurate quarterly state unemployment records in annual benchmarking process

By Eric Revell FOXBusiness

The Labor Department on Tuesday published the preliminary estimate of its annual benchmark revision to nonfarm payrolls, which showed the U.S. economy added significantly fewer jobs than previously reported.

The Bureau of Labor Statistics (BLS) published its first estimate of the annual benchmark revision, which lowered its estimate of employment by about 911,000 jobs over the April 2024 to March 2025 period.

BLS goes through the benchmarking process each year to incorporate more accurate data from state unemployment records that are published quarterly along with business birth and death records into its estimates.

The process yields a more complete and accurate picture of the labor market than the agency's monthly surveys that are used to create the jobs report, and serves as a means of mitigating the non-response and reporting errors that accumulate month-to-month.

The BLS' benchmark revision reflects how much those monthly jobs reports overstated or understated actual job growth from April 2024 to March 2025.

The data released Tuesday serves as a preliminary estimate of the benchmark revision, while the final benchmark revision will be incorporated into the BLS' January 2026 jobs report to be released in February next year.

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https://www.foxbusiness.com/economy/bls-preliminary-benchmark-revision-job-growth-2025
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Re: US job growth through March revised lower by 911K
« Reply #1 on: September 09, 2025, 12:02:32 pm »
Biden’s Final Flop: 911,000 Fewer Jobs Than Reported in the Year Through March

The U.S. economy added nearly a million fewer jobs in the year through March 2025 than previously reported, according to preliminary figures released Tuesday by the Bureau of Labor Statistics. The revision, the largest on record, suggests job growth during during that period was running at roughly half the pace initially believed.

The BLS said payrolls will likely be revised down by 911,000 jobs, or 0.6 percent. That reduces total employment gains for the 12 months ending in March to about 850,000, compared with the 1.8 million originally reported. On a seasonally adjusted basis, average monthly job growth drops from about 147,000 to just over 70,000.

The downward adjustment hits nearly every industry and most states. Wholesale and retail trade accounted for the largest share of the shortfall, followed by leisure and hospitality, professional and business services, and manufacturing. Information employment was revised down by more than 2 percent, the steepest cut in percentage terms.

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https://www.breitbart.com/economy/2025/09/09/bidens-final-flop-911000-fewer-jobs-than-reported-in-the-year-through-march/
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Re: US job growth through March revised lower by 911K
« Reply #2 on: September 09, 2025, 02:58:58 pm »
White House: Jobs Revisions Show Biden, Powell, and Labor Bureau Failures

The White House underscored that the Bureau of Labor Statistics’ (BLS) downward revisions of 911,000 jobs from April 2024 to March 2025 show the failures of the Biden administration, Federal Reserve Chair Jerome Powell, and the BLS itself.

https://www.breitbart.com/politics/2025/09/09/white-house-jobs-revisions-show-biden-powell-and-labor-bureau-failures/
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Online berdie

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Re: US job growth through March revised lower by 911K
« Reply #3 on: September 09, 2025, 05:47:04 pm »
So in other words, none of these numbers (past or present) mean jack squat?

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Re: US job growth through March revised lower by 911K
« Reply #4 on: September 09, 2025, 06:00:10 pm »
So in other words, none of these numbers (past or present) mean jack squat?

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