The US added 911,000 fewer jobs last year than we originally thought. Here are the industries that were most affected.

"The Bureau of Labor Statistics reported Tuesday that 911,000 fewer nonfarm jobs were added in the year through March than previously reported. BLS said job estimates are benchmarked each year "to comprehensive counts of employment" based on state unemployment insurance tax records. This year's estimate was larger than last year's preliminary estimate of 818,000 fewer jobs created, although that was later adjusted in final benchmark revisions to a smaller drop of 598,000."

"The revision adds to the stark picture of a cooling labor market, where other data points have indicated it's much harder to find a job. Power has shifted back to employers, and partly due to economic uncertainty, businesses aren't hiring or posting new opportunities as much. As of July, there are more people unemployed and actively looking for work than job opportunities."

"Most major industry sectors saw downward revisions. Trade, transportation, and utilities added 226,000 fewer jobs than originally reported. The leisure and hospitality sector, which has been one of the main drivers of job growth over the last couple years, was revised down by 176,000. The predominantly white-collar professional and business services sector posted 158,000 fewer payrolls. President Donald Trump fired BLS commissioner Erika McEntarfer after July's jobs report had larger-than-usual revisions for May and June."

Bureau of Labor Statistics benchmark revisions show 911,000 fewer nonfarm jobs were added in the year through March than previously reported. That preliminary downward revision exceeded last year's preliminary estimate of 818,000 fewer jobs, though that prior figure was later reduced in final revisions to 598,000. The revisions reflect a cooling labor market as employers regain leverage and hiring slows amid economic uncertainty. As of July, more people are unemployed and actively seeking work than there are job openings. Major sectors saw large downward revisions, including trade, leisure and hospitality, and professional services. June's growth was revised to a loss, the first net drop since 2020. President Donald Trump dismissed BLS commissioner Erika McEntarfer after unusually large monthly revisions.

Read at Business Insider