US job growth through March was significantly weaker than previously thought

S

signalmankenneth

Verified User
The US jobs market has been running in a much lower gear than previously thought, according to a preliminary report released Tuesday

The Bureau of Labor Statistics report suggests that the US economy added about 911,000 fewer jobs than initially estimated for the year ending in March. If this holds – the final annual benchmark revision will be reported in February 2026 – it would be the largest on record.

Tuesday’s estimated downward payroll revision is the first step in an annual benchmark review of jobs data conducted by the BLS.

Every year, the BLS seeks to provide a near-complete employment count by squaring past jobs data from business surveys (more timely but not as accurate) with comprehensive unemployment insurance quarterly tax filings (highly accurate but significantly lagged in timing).

This story is developing and will be updated.

https://www.cnn.com/2025/09/09/business/us-bls-jobs-preliminary-benchmark-revisions
1757427950445.png
 
signalmankenneth said:
The US jobs market has been running in a much lower gear than previously thought, according to a preliminary report released Tuesday

The Bureau of Labor Statistics report suggests that the US economy added about 911,000 fewer jobs than initially estimated for the year ending in March. If this holds – the final annual benchmark revision will be reported in February 2026 – it would be the largest on record.

Tuesday’s estimated downward payroll revision is the first step in an annual benchmark review of jobs data conducted by the BLS.

Every year, the BLS seeks to provide a near-complete employment count by squaring past jobs data from business surveys (more timely but not as accurate) with comprehensive unemployment insurance quarterly tax filings (highly accurate but significantly lagged in timing).

This story is developing and will be updated.

https://www.cnn.com/2025/09/09/business/us-bls-jobs-preliminary-benchmark-revisions
View attachment 58964
Click to expand...

Trump lost three million jobs his first term, I wouldn't be surprised if he crashes the economy again
 
signalmankenneth said:
The US jobs market has been running in a much lower gear than previously thought, according to a preliminary report released Tuesday

The Bureau of Labor Statistics report suggests that the US economy added about 911,000 fewer jobs than initially estimated for the year ending in March. If this holds – the final annual benchmark revision will be reported in February 2026 – it would be the largest on record.

Tuesday’s estimated downward payroll revision is the first step in an annual benchmark review of jobs data conducted by the BLS.

Every year, the BLS seeks to provide a near-complete employment count by squaring past jobs data from business surveys (more timely but not as accurate) with comprehensive unemployment insurance quarterly tax filings (highly accurate but significantly lagged in timing).

This story is developing and will be updated.

https://www.cnn.com/2025/09/09/business/us-bls-jobs-preliminary-benchmark-revisions
View attachment 58964
Click to expand...
This is Trumponomics
 
signalmankenneth said:
The US jobs market has been running in a much lower gear than previously thought, according to a preliminary report released Tuesday

The Bureau of Labor Statistics report suggests that the US economy added about 911,000 fewer jobs than initially estimated for the year ending in March. If this holds – the final annual benchmark revision will be reported in February 2026 – it would be the largest on record.

Tuesday’s estimated downward payroll revision is the first step in an annual benchmark review of jobs data conducted by the BLS.

Every year, the BLS seeks to provide a near-complete employment count by squaring past jobs data from business surveys (more timely but not as accurate) with comprehensive unemployment insurance quarterly tax filings (highly accurate but significantly lagged in timing).

This story is developing and will be updated.

https://www.cnn.com/2025/09/09/business/us-bls-jobs-preliminary-benchmark-revisions
View attachment 58964
Click to expand...
Fuck you asshole. You supported the assassination of your president so, fuck you!
 
The revision covers April 2024 through March 2025, which was basically all under Biden. Are the folks here blaming Trump now going to call out Biden?
 
signalmankenneth said:
The US jobs market has been running in a much lower gear than previously thought, according to a preliminary report released Tuesday

The Bureau of Labor Statistics report suggests that the US economy added about 911,000 fewer jobs than initially estimated for the year ending in March. If this holds – the final annual benchmark revision will be reported in February 2026 – it would be the largest on record.

Tuesday’s estimated downward payroll revision is the first step in an annual benchmark review of jobs data conducted by the BLS.

Every year, the BLS seeks to provide a near-complete employment count by squaring past jobs data from business surveys (more timely but not as accurate) with comprehensive unemployment insurance quarterly tax filings (highly accurate but significantly lagged in timing).

This story is developing and will be updated.

https://www.cnn.com/2025/09/09/business/us-bls-jobs-preliminary-benchmark-revisions
View attachment 58964
Click to expand...
This has to be one of the more fascinating threads I’ve seen on JPP. It shows how quickly group think takes over.

Ken likely saw the headline but didn’t read the article, so he assumed it was negative for Trump when in reality the numbers were from the Biden years. Fellow Democrats saw Ken post it and liked/thanked it without reading as well, assuming it had to be bad for Trump.

Then several more posters, who also didn't read the article, piled on with comments under the same assumptions.

And now that it’s clear the report covered the Biden years, the thread has gone radio silent.
 
Economic Indicators on Trump’s Handling of the Economy

  • The August jobs report from the U.S. Bureau of Labor Statistics (BLS) shows nearly every major industry showed losses or stagnation:
    • Far from ushering in a renaissance in U.S. manufacturing, manufacturing has lost 38,000 jobs in 2025 and construction jobs are negative on the year.
    • More than 1.9 million Americans have been out of work for at least six months, the highest in a year.
    • Millions are stuck in part-time jobs, with over 4.7 million people unable to find the full-time hours they want.
    • Youth unemployment remains high at 13.9%, triple the national rate, showing young workers are being shut out of opportunity.
    • Revisions reveal an even weaker economy. June was revised down into negative territory with 13,000 jobs lost, making clear that the summer slowdown was even worse than originally reported.

groundworkcollaborative.org

U.S. Job Market Plummets Under Trump’s Leadership: 70% Lower Job Growth, Unemployment Highest in Nearly 4 Years - Groundwork Collaborative

groundworkcollaborative.org groundworkcollaborative.org
 
Phantasmal said:
Economic Indicators on Trump’s Handling of the Economy

  • The August jobs report from the U.S. Bureau of Labor Statistics (BLS) shows nearly every major industry showed losses or stagnation:
    • Far from ushering in a renaissance in U.S. manufacturing, manufacturing has lost 38,000 jobs in 2025 and construction jobs are negative on the year.
    • More than 1.9 million Americans have been out of work for at least six months, the highest in a year.
    • Millions are stuck in part-time jobs, with over 4.7 million people unable to find the full-time hours they want.
    • Youth unemployment remains high at 13.9%, triple the national rate, showing young workers are being shut out of opportunity.
    • Revisions reveal an even weaker economy. June was revised down into negative territory with 13,000 jobs lost, making clear that the summer slowdown was even worse than originally reported.

groundworkcollaborative.org

U.S. Job Market Plummets Under Trump’s Leadership: 70% Lower Job Growth, Unemployment Highest in Nearly 4 Years - Groundwork Collaborative

groundworkcollaborative.org groundworkcollaborative.org
Click to expand...
The Trump administration is now saying we have two wait for two years before things get better
 
Cypress said:
Trump lost three million jobs his first term, I wouldn't be surprised if he crashes the economy again
Click to expand...
Some fun facts:

"The 14.6 million net jobs added during the first three years of the Biden Administration is the largest increase for any first three years of a U.S. presidential administration. This represents a 10.3% increase in the number of jobs.

"But the 14.6 million figure does not translate to the largest percent increase relative to population. That happened under Carter, when jobs increased 12.5% between January 1977 and January 1980 (from 80.7 million to 90.8 million jobs)."
 
Trumpet said:

For those of you who doubt CNN, this is Fox Business​

US job growth through March revised lower by 911K​


www.foxbusiness.com

US job growth through March revised lower by 911K

The Bureau of Labor Statistics' preliminary benchmark revision showed the U.S. economy added 911,000 fewer jobs than previously reported from April 2024 to March 2025.
www.foxbusiness.com www.foxbusiness.com
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Wow. Unexpected truthiness from Fox. Of course its owner also owns the WSJ so they do have a reputation on economic matters to uphold.
 
Cypress said:
The Trump administration is now saying we have two wait for two years before things get better
Click to expand...
Yep he has to finish destroying our economy first before it starts getting better. WE may have to wait for another DEM President to get in and turn it around like they have had to do for the last 3 or 4 recessions.
 
ThatOwlWoman said:
Some fun facts:

"The 14.6 million net jobs added during the first three years of the Biden Administration is the largest increase for any first three years of a U.S. presidential administration. This represents a 10.3% increase in the number of jobs.

"But the 14.6 million figure does not translate to the largest percent increase relative to population. That happened under Carter, when jobs increased 12.5% between January 1977 and January 1980 (from 80.7 million to 90.8 million jobs)."
Click to expand...
On average, the economy does better under Democratic presidents, even Trump admitted that before he ran for prez
 
ThatOwlWoman said:
See my post, above.
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Look at the responses. No one read the article, including the person who posted it. It's a fascinating view of tribalism and group think.

On jobs, of course they matter. But people here treat jobs like the ultimate scoreboard, and that’s just not the case.
 
ThatOwlWoman said:
Wow. Unexpected truthiness from Fox. Of course its owner also owns the WSJ so they do have a reputation on economic matters to uphold.
Click to expand...
No disrespect, but you're doing it here too. You didn't read it.

This story should be reported regardless of the network's or paper's political leanings, because it's important economic news. But you guys all assumed this was under Trump instead of Biden.
 
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