Employers Added Fewer U.S. Jobs Than Reported, New Data Show

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

The revisions punch a major hole in Trump’s claim that the U.S. economy is growing faster than those of other developed countries. (Photo: U.S. Department of Labor Facebook) 

The revised figures were released by the Bureau of Labor Statistics (BLS) as part of its annual benchmarking process.

But the steep downward adjustment comes at an awkward time for the agency, just weeks after President Trump fired its top official following another set of negative revisions.

The new data show that employers added 911,000 fewer jobs in the 12 months through March than indicated in the monthly payroll reports.

That means the economy added only about 850,000 jobs during that period — roughly half the previously reported number. The revisions punch a major hole in Trump’s claim that the U.S. economy is growing faster than those of other developed countries.