U.S. job market much weaker in 2024 and this year than previously thought, new data shows
Summary
New data from the U.S. Labor Department shows that the job market in the U.S. was weaker from April 2024 through March 2025 than previously believed. Employers added 911,000 fewer jobs than initially reported during this period. These numbers are preliminary and final revisions will be released in February 2026.Key Facts
- The U.S. Labor Department reported 911,000 fewer jobs were added between April 2024 and March 2025 than previously thought.
- This revision is part of an annual update to adjust for new and closed businesses.
- Leisure and hospitality firms added 176,000 fewer jobs than originally reported.
- Professional and business services companies added 158,000 fewer jobs.
- Retailers added 126,000 fewer jobs.
- In August 2025, only 22,000 jobs were added to the economy.
- Last year's revision showed 818,000 fewer jobs for April 2023 through March 2024.
- This job market data could lead the Federal Reserve to consider cutting interest rates.
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