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All Those Jobs We Added? The Estimate Was Way Off

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Each year, the Labor Department reconciles the monthly estimates of new jobs with the actual unemployment tax records that meander in from the states. This year’s preliminary.
Each year, the Labor Department reconciles the monthly estimates of new jobs with the actual unemployment tax records that meander in from the states. This year’s preliminary revision, for the 12 months ending in March 2024, is a sizable one: The US added 818,000 fewer jobs over that period than initially indicated.

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