US Job Growth Slows Downward by 79,000 in Revised Estimate

The US labor market growth was revised downward by 79,000 in the preliminary estimate for March. This marks a moderate pace compared to previous reports, and underscores a slowdown that prompted the Federal Reserve to cut interest rates in 2025 despite persistent inflation.

The Bureau of Labor Statistics' benchmark revision showed that the number of workers on payrolls will likely be revised down by 0.1%, with the downward revision attributed entirely to the private sector.

Before the report, economists had projected a 183,000 increase in job growth, according to a Bloomberg survey. The final figures are due early next year.