The U.S. economy probably added close to 1 million fewer jobs in 2024 and early 2025 than previously reported, the latest sign that the labor market, until recently a bright spot in the economy, may be weaker than it initially appeared.

The revised data was released by the Bureau of Labor Statistics as part of a long-standing annual process known as benchmarking. But the big downward adjustment comes at an awkward moment for the agency, just weeks after President Donald Trump fired its top official following a separate set of negative revisions last month.

The data released Tuesday showed that employers added 911,000 fewer jobs in the 12 months through March than had been indicated in the monthly payroll figures. That implies the economy added only about 850,000 jobs during that time — h

See Full Page