Understanding the Biggest Job Growth Revision Since 2002 and Its Economic Implications
On September 9, 2025, the Bureau of Labor Statistics (BLS) released a significant revision to prior job growth data, adjusting down the total number of jobs created through March 2025 by 911,000. This represents the largest revision since 2002 and is larger than Wall Street’s expected range of 600,000 to 1,000,000.
Key sectors hit by this revision include Leisure and Hospitality (down 176,000 jobs), Professional and Business Services (down 158,000 jobs), and Retail Trade (down 126,200 jobs). The average job growth per month was adjusted to be 76,000 less than initial estimates.
Moreover, the labor market in recent months (June, July, August) has shown sluggish payroll growth, averaging only 29,000 jobs monthly, suggesting an early sign of weakening employment prior to the recent economic slowdown.
The report has also fueled political controversy, with the White House criticizing the BLS's leadership and President Trump commenting on the economy’s performance relative to the revised data.
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