Sept. 9 (UPI) -- Tuesday the Bureau of Labor Statistics released its revised numbers of nonfarm payrolls in the year leading up to March, dropping the previous numbers by 911,000, which means the labor market created far fewer jobs than were previously thought.
The drop of 911,000 from initial estimates comes from a preliminary report from the Bureau of Labor Statistics. The total revision was on the high end of Wall Street expectations, which ranged from a low around 600,000 to as many as a million, CNBC reported.
The changes were more than 50% higher than last year's, making them the largest since 2002. Monthly, they suggest average job growth of 76,000 less than initial reports.
The numbers are adjusted from data in the quarterly census and show updated information on business openings and closings. They show more evidence that employment is struggling.
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