Home United States USA — Financial Ooops! Government Says It Overestimated Job Gains By 818,000

Ooops! Government Says It Overestimated Job Gains By 818,000

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The revision undercuts claims by Kamala Harris that the Biden administration’s policies have created a very strong jobs market. | Economy
The jobs market in the U.S. was not as hot as it looked for much of last year and early this year, government data released Wednesday showed.
The U.S. economy added 818,000 fewer jobs than the government had previously estimated from the spring of 2023 to the spring of 2024, signaling that the labor market was not as strong and began to soften earlier than previously thought, according to the Bureau of Labor Statistics.
According to revised government data, employment growth from April 2023 to March 2024 amounted to roughly 2.

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