"[T]he slower job creation implies income growth was also on a softer footing even prior to the recent rise in policy uncertainty and economic slowdown we've seen since the spring,"
"Today's massive downward revision gives the American people even more reason to doubt the integrity of data being published by BLS,"
"[T]here is no room for such a significant and consistent amount of error. It's imperative for the data to remain accurate, impartial, and never altered for political gain,"
Revised Bureau of Labor Statistics data show the U.S. economy added 911,000 fewer jobs in the 12 months ending March 2025 than initially estimated, signaling a persistent hiring slowdown and softer income growth. The largest percentage downgrades occurred in information (-2.3%), wholesale trade (-1.8%) and leisure and hospitality (-1.1%). The downward revision exceeded economists' expectations of about 700,000. The BLS updates monthly payroll data using the Quarterly Census of Employment and Wages and unemployment insurance tax records, producing significant benchmark revisions. Once applied, average monthly job growth from April 2024–March 2025 will fall to 71,000. Government officials criticized the revisions and called for data integrity.
Read at Axios
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