Nick Rummell

MANHATTAN (CN) — The jobs market is struggling more than previously reported, with revisions to payroll data showing 911,000 fewer jobs were gained from March 2024 to March 2025.

The report, issued on Tuesday by the U.S. Bureau of Labor Statistics, reflects a 0.6% decrease in the number of jobs thought gained in the 12 months period. The revision reportedly was the highest since 2002.

Experts had predicted a downward revision, though the number was at the higher end of forecasts. The new data put average monthly job gains for those 12 months at just 71,000 rather than the previously reported 147,000.

The largest revisions were among leisure and hospitality, which saw 15,000 fewer jobs than initially reported, and retail trade, which had 10,000 fewer jobs to speak of. G

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