No. of Recommendations: 1
The report revises down by 911,000, less than the Million in the article above, but still spun as "bigger than expected".
And, the article reminds that the annual report, a year ago, featured a big downward revision too.
US nonfarm payrolls for the 12 months ended March 2025 were slashed by 911,000 jobs, according to preliminary revisions released Tuesday by the Bureau of Labor Statistics. Economists had predicted a downward shift of 682,000 jobs for the period, according to analysts tracked by Bloomberg data.
Last year's release of this same preliminary annual revision fell during the heated final stretch of the presidential campaign — and became an immediate flash point when it showed the US economy created 818,000 fewer jobs than thought.finance.yahoo.com - Stock market today dow sp nasdaq waver after US jobs data is revised sharply downSteve
