U.S. Job Growth Revised Lower as Labor Market Cooling Becomes More Apparent

According to Jin10, U.S. job growth in the year through March was more moderate than previously reported, underscoring a weakening labor market and prompting the Federal Reserve to keep 2025 rate cuts in place despite persistent inflation. According to preliminary benchmark revision data released Friday by the U.S. Bureau of Labor Statistics, nonfarm payrolls may be revised down by 79,000, or 0.1%, with final data due early next year.