Business

White House slams 911K jobs revision, the largest on record, demands Fed rate cut

The Trump administration on Tuesday blasted the Labor Department’s annual jobs revisions, which revealed the U.S. added hundreds of thousands fewer jobs than first thought – the largest correction on record. The revisions, compiled by the Bureau of Labor Statistics, showed that previous jobs reports were overstated by 911,000. The…

US job growth through March revised lower by 911K

The Labor Department on Tuesday published the preliminary estimate of its annual benchmark revision to nonfarm payrolls, which showed the U.S. economy added significantly fewer jobs than previously reported. The Bureau of Labor Statistics (BLS) published its first estimate of the annual benchmark revision, which lowered its estimate of employment by…

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