U.S. employers are adding far fewer jobs than initially tallied, in the latest sign that the labor market may be weaker than expected, according to a preliminary report from the Labor Department on Tuesday.

The report from the Bureau of Labor Statistics shows hiring for the 12 months ending in March was overstated by an estimated 911,000 jobs. That large revision was somewhat expected, but still on the high end of what both economists and White House officials predicted.

In a research note published Sunday, economists at Goldman Sachs predicted that the revision would be between 550,000 and 950,000 jobs. And in a Sunday interview with NBC's Meet the Press , Treasury Secretary Scott Bessent put his estimate at up to 800,000 jobs.

The revision is part of a routine, annual exercise in

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