The U.S. economy added nearly a million fewer jobs in the year through March 2025 than previously reported, according to preliminary figures released Tuesday by the Bureau of Labor Statistics. The revision, the largest on record, suggests job growth during that period was running at roughly half the pace initially believed.

The BLS said payrolls will likely be revised down by 911,000 jobs, or 0.6 percent. That reduces total employment gains for the 12 months ending in March to about 850,000, compared with the 1.8 million originally reported. On a seasonally adjusted basis, average monthly job growth drops from about 147,000 to just over 70,000.

The downward adjustment hits nearly every industry and most states. Wholesale and retail trade accounted for the largest share of the shortfall,

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