Revised job numbers raise new concerns about economic slowdown
Summary
The Bureau of Labor Statistics (BLS) reported that the U.S. added over 900,000 fewer jobs in 2024 and 2025 than it originally announced. This revision is the largest adjustment by the BLS on record. The change follows the firing of the BLS commissioner by President Trump after a weak jobs report.Key Facts
- The BLS reported a significant revision, saying over 900,000 fewer jobs were added than initially stated.
- The revision affects job data for the years 2024 and 2025.
- This is the largest adjustment made by the BLS in its history.
- The BLS regularly issues such revisions but this one is particularly large.
- The revision came after President Trump dismissed the head of the BLS.
- The firing followed a report that showed disappointing job numbers.
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