This article is from: srnnews.com
WASHINGTON, Feb 11 (Reuters) – The U.S. economy created 862,000 fewer jobs in the 12 months through March 2025 than previously estimated, the Labor Department’s Bureau of Labor Statistics (BLS) said on Wednesday.
The final nonfarm payrolls benchmark revision was less than the reduction of 911,000 jobs the BLS estimated in August. The numbers are not seasonally adjusted. Economists had expected the level of employment over the 12-month period would be reduced by between 750,000 and 900,000 jobs following updates to the Quarterly Census of Employment and Wages data for the first quarter on which the BLS based the payrolls benchmark revision.
The change in total nonfarm employment for 2025 was revised down to a seasonally-adjusted 181,000 from the previously reported 584,000.
(Reporting by Lucia Mutikani; Editing by Paul Simao)
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