The Bureau of Labor Statistics appears to be auditioning for a new magic show on the Strip. Its showstopping trick is making nearly 1 million jobs disappear.
On Tuesday, the bureau announced its annual revision to yearly employment data. From April 2024 to March 2025, the economy added 911,000 fewer jobs than previously reported . That means the economy gained only around 850,000 jobs during that time. That’s more than a 50 percent reduction from previous estimates. Of particular note for Las Vegas, leisure and hospitality employment dropped by 176,000.
The agency had a major miss last year as well. In 2024, its annual revision lowered the number by 818,000 .
Some level of change is normal. For its monthly data, the bureau relies on employment surveys, which have a response rate problem