The latest jobs report points to a labor market that's faltering, but the slowdown may have begun much earlier. Economists expect the Bureau of Labor Statistics to issue a major downward revision today, showing the nation added hundreds of thousands fewer jobs than first reported.

On Sept. 9, the BLS will release its preliminary benchmark revision to labor market data at 10 a.m. ET, which aims to better account for businesses that have opened or closed. Economists say the revision, covering the 12-month period through March 2025, could show that hiring during that time was about 800,000 jobs lower than previously reported.

The report could draw attention from the Trump administration, as the president last month questioned the validity of the monthly jobs report — and fired th

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