US employment falls by 911,000 in government revision, revealing weaker-than-reported jobs market

The US economy employed 911,000 fewer people than originally reported as of March 2025, providing stark new evidence that the labor market was downshifting long before this summer. The data covers the period from April 2024 to March 2025 and trims the average monthly jobs gains seen during this period (roughly the last 10 months of Joe Biden's presidency and the first two months of Trump's) from a monthly average of 147,000 to about 71,000. Data had previously suggested the economy added about 1.76 million jobs in that 12-month span. The new total is less than half that, marking another...