U.S. job growth was weaker than initially reported during much of last year, according to revised data released Wednesday by the Bureau of Labor Statistics. Using more accurate figures collected from state employment offices, the BLS cut the total number of jobs added to the economy between April 2023 and March 2024 by 818,000 – the largest downward revision since 2009. The initial estimates indicated that the economy had added an average of 242,000 jobs a month during the year ending in March,
Michael Rainey is a Managing Editor with a focus on national issues in the United States. He writes for various publications including Yahoo Finance, The Fiscal Times, and Yahoo Finance UK. His work has also been featured in Yahoo News, Yahoo Finance Singapore, and Lexology. Michael's articles cover a range of topics including the economy, government spending, and healthcare.