US job growth through March revised lower by 911K

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