Job growth revised down by 911,000 through March

The Labor Department released a report Tuesday showing that nonfarm payrolls in the year prior to March 2025 were revised downward by 911,000 jobs, far exceeding previous estimates.

The revision is the largest on record since 2002 and suggests average monthly job growth was 76,000 less than initially reported, raising concerns about the overall health of the labor market.

Sectors most affected by the revisions included leisure and hospitality, professional and business services, and retail trade, while transportation, warehousing, and utilities saw slight gains.

Although the revised data largely covers the period before President Trump’s tariffs, the weaker job creation highlights softer income growth and reinforces arguments for potential Federal Reserve interest rate cuts, CNBC has reported.

The release also intensified scrutiny of the Bureau of Labor Statistics’ data collection methods, with the White House criticizing the agency and calling for new leadership to restore confidence in the reliability of employment data.

read more: https://www.cnbc.com/2025/09/09/jobs-...

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