09/03/2024
Recent U.S. jobs gains weren’t as strong as they initially appeared. Between April 2023 and March 2024, the nation’s employers created 818,000 fewer jobs than the U.S. Bureau of Labor Statistics (BLS) originally reported, according to the BLS’ annual data revision.
The BLS issued its largest downgrade since 2009 in its 2024 Preliminary Benchmark Revision, released Aug. 21, which found that job growth was nearly 30% less than the 2.9 million job gains it had originally reported.
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2024 Preliminary Benchmark Revision