Job Market BLOG

Job Market Weaker Than First Reported. WaPo reports that the U.S. economy added 911,000 fewer jobs from April 2024 to March 2025 than originally estimated. This major revision paints a significantly weaker picture of the labor market, suggesting that job growth over the past year was not only slower but more uneven than previously believed. Industries like professional services and healthcare saw particularly sharp downward adjustments, while some sectors, such as government, were less affected. The data signals a cooling labor market that may already be feeling the early effects of slowing consumer demand, tighter credit conditions, and global trade disruptions.