U.S. job growth during much of the past year was significantly weaker than previously believed, according to new data published Wednesday.

The Bureau of Labor Statistics revised down its total <a href="https://foxbusiness.com/CATEGORY/JOBS" target="_blank" rel="noopener">tally of jobs</a> created in the year through March by 818,000.

The agency's annual benchmark revision is mostly derived from state unemployment tax records that employers are required to file. The figure released Wednesday is preliminary and may be updated when the government releases the final figure in February 2025.

This is a developing story. Please check back for updates.

The Labor Department released payroll data that provided a look at job creation in the year through March, which is much weaker than previously believed.{ai:summary}The U.S. job growth just turned out to be a sadder story than expected, with 818,000 fewer jobs created than initially thought. The number comes from the Bureau of Labor Statistics, sifting through state tax records and delivering an unwelcome surprise. This tale isn't over yet; a final figure will roll out in February 2025. Keep your ear to the ground for updates on this shifting landscape. #economy

US economy created 818,000 fewer jobs than previously reported

Loading...