US labor department slashes employment growth figures by over eight hundred thousand jobs

The BLS revised US job growth down by 862,000 for the year ending March 2025. This final update aligns with forecasts and reflects updated census data.

The U.S. Bureau of Labor Statistics (BLS) issued its final Nonfarm payrolls benchmark revision today, revealing that there were 862,000 fewer jobs in the US USUS during the 12 months through March 2025 than previously reported. This material downward revision alters the official employment level for that period and represents a significant change to the national employment tally.
A "now hiring" sign is displayed outside Taylor Party and Equipment Rentals in Somerville, Massachusetts, U.S., September 1, 2022. REUTERS/Brian Snyder
A "now hiring" sign is displayed outside Taylor Party and Equipment Rentals in Somerville, Massachusetts, U.S., September 1, 2022. REUTERS/Brian Snyder
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