- Payroll growth in the year through March is preliminarily revised down by 79,000 workers, or 0.1%.
- The preliminary estimate contrasts with the 183,000 median increase expected in a Bloomberg survey of economists.
- The revision highlights a labor-market downshift that contributed to Federal Reserve rate cuts in 2025 despite persistent inflation.
- The final benchmark figures are due early next year.
Quotes
“US job growth was more moderate in the year through March than previously reported”