US Nonfarm Payrolls Revised Down by 79K
The US economy added 79,000 fewer jobs in the 12 months through March 2026 than previously estimated, according to the Bureau of Labor Statistics’ preliminary benchmark revision, representing a downward adjustment of 0.1%. The revision was concentrated in several major sectors, with retail trade recording the largest reduction of 154,600 jobs. Private education and health ...
The Bureau of Labor Statistics adjusted its estimate of job growth in the United States for the 12 months ending in March 2026, reporting a 79,000 fewer jobs than initially thought. This downward revision, amounting to 0.1%, was primarily driven by a decline in the retail trade sector, which saw a 154,600 job reduction. Private education and health services also experienced a downward adjustment of 96,000 jobs, while wholesale trade, professional and business services, and manufacturing each faced revisions of 86,200, 76,000, and 67,000 jobs, respectively.
Conversely, transportation and warehousing experienced a substantial increase of 135,100 jobs, while government, information, financial activities, and construction sectors showed upward revisions of 99,000, 87,000, 85,000, and 62,000 jobs, respectively.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
