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 revision recasts the economic backdrop at the start of President Donald Trump’s second term.
Far from inheriting a booming labor market, Trump stepped into office amid an economy that was already weaker than believed.
- What was described at the time as a historically strong job market now appears far less robust....