US Job Market Cooler Than Thought: 818,000 Jobs Reduced in Revision The US Bureau of Labor Statistics has revised its employment figures, revealing that as of March 2024, there were 818,000 fewer jobs than initially reported. This significant downward adjustment suggests that the labor market may have been cooling earlier than previously thought. The revision primarily affected the professional and business services sector, as well as leisure and hospitality. Despite the adjustment, economists caution against overinterpreting the data, as it remains backward-looking. However, this revision, combined with recent weak job reports and rising unemployment rates, has led some to question whether the Federal Reserve’s current monetary policy is too restrictive. The data comes at a crucial time for labor market analysis and may influence future economic decisions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts South Korea's Reserve Bank Holds Back Amid Global Rush READ MORE Gold Consolidates as Markets Await Clues on Fed's Next Move READ MORE The Spreading Crisis in Commercial Real Estate: "Greatest Real Estate Crisis Since 2008"? READ MORE China's Economy Struggles Gain Momentum: Inflation and Factory Prices Disappoint READ MORE "A Decade of Armageddon" Susanne Trimbath, Fed & DTCC Insider Reveals All READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment