US Job Growth Revised Down by Nearly a Million, Indicating Economic Softening
TL;DR Summary
The US dollar declined against the yen after government revisions showed nearly a million fewer jobs created in the past year, indicating a weaker labor market than initially reported, which impacts expectations for Federal Reserve interest rate cuts.
- Dollar falls vs yen as US revisions show nearly a million fewer jobs in 12-month span Reuters
- Job Growth Revised Down by Nearly a Million, Updated BLS Data Shows The New York Times
- Job growth revised down by 911,000 through March, signaling economy on shakier footing than realized CNBC
- US economy added 911,000 fewer jobs than previously reported in largest-ever revision ABC News
- BLS revision shows hiring was overstated by 911,000 jobs in past year NPR
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