The Hill

The U.S. economy added 818,000 fewer jobs from March 2023 to March 2024 than initially reported, according to the Bureau of Labor Statistics (BLS), larger than the typical annual adjustment. The annual BLS revision of the previous year’s job gains showed 2023 employment growth falling 0.5 percent from what the Labor Department first reported. Such…

Economy added 818,000 fewer jobs than previously reported

New York Post

The US economy wasn’t as hot as it seemed between early this year and early 2023, according to revised figures released by the feds.

The nation’s labor market likely created 818,000 fewer jobs during the 12 months ended in March — the largest preliminary downward revision to US payroll figures since 2009, the US Bureau of Labor Statistics said Wednesday.

That means that the reported job growth during that period — 2.9 million non-farm payroll positions amounting to 242,000 jobs per month — was likely around 30% less, or 174,000 jobs per month, according to new data gathered from state unemployment tax...

US job market gets biggest markdown since 2009 with 818K fewer jobs than previously reported

Markets Insider

The US economy added 818,000 fewer jobs to the economy than initially reported from April 2023 through March 2024.

The US economy just saw a big downward revision in jobs added over the past year. Why investors shouldn't sweat it.

CBS News

The U.S. job market wasn't as strong as it appeared to be in much of 2023 and early 2024, according to a new government revision of jobs data.Employers added 818,000 fewer jobs in the 12 months ended March 2024 than were originally reported, the Bureau of Labor Statistics said Wednesday. Job growth averaged 174,000 a month in the year that ended in March — a drop of 68,000 a month from the 242,000 jobs that were initially reported. The revised data comes after July's weak employment report that sparked concerns the U.S. economy could be cracking under the highest interest rates...

The job market was weaker than earlier reported, new data shows

UPI News

The Bureau of Labor Statistics Wednesday said in a preliminary estimate that 818,000 fewer U.S. jobs than first reported were created in the 12 months ending March 2024. It's a 0.5% reduction in the jobs estimate.

Estimates of annual U.S. job growth cut by 818,000 to 2.1 million

The Motley Fool

History shows that stock-split stocks tend to continue outperforming their peers.

3 Stock-Split Stocks to Buy Hand Over Fist Before They Soar as Much as 204% According to Select Wall Street Analysts

NBC News

Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of...

Starbucks is reeling as customers go elsewhere, sales decline

Chicago, IL

CHICAGO — Maybe they’re putting something in the water here. Or maybe Democrats really do think that things are that good for their party with Vice President Kamala Harris atop the ticket.

Schumer: Harris changes everything

U.S. job gains over the 12 months ending in March were revised downward Wednesday by 818,000 — a significant revision that adds to recent concerns that the economy has been slowing. The change means that roughly 2.1 million jobs were created in the U.S. in the past year, compared...

U.S. added 818,000 fewer jobs than thought, adding to concerns about the economy

The S&P 500 Index ($SPX) (SPY) today is up +0.13%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.33%. US stocks today are modestly higher, with the S&P 500 posting a 1-month high, the Dow Jones Industrials posting a 2-1/2 week high, and the Nasdaq 100 posting a 4-week high. Positive corporate news is lifting stocks today, with Keysight Technologies up more than +12% after reporting stronger-than-expected Q3 adjusted EPS and forecasting Q4 adjusted EPS above consensus. Also, Target is up more than +11% after reporting better-than-expected Q2 adjusted EPS and boosting its full-year adjusted EPS estimate. M&A activity is also supporting stocks today after JT Group agreed to buy Vector Group for about $2.4 billion, and Consol Energy agreed to buy Arch Resources for $2.3 billion.

Stocks Climb on Positive Corporate News and Lower Bond Yields

PYMNTS

This year is shaping up to be a painful one for people working in tech. As Seeking Alpha noted in a report Sunday (Aug. 18), layoffs in the tech space accelerated this month, with Cisco and Intel announcing the elimination of close to 21,000 jobs. Cisco last week said it...

Tech Layoffs Reach 132,000 8 Months Into 2024

Some 818,000 fewer new jobs were created in the US in the year leading up to March than originally reported, the Bureau of Labor Statistics said Wednesday. The 28% decrease marks the largest downward revision for non-farm payroll numbers since 2009, Bloomberg reported. Non-farm payroll represents the total US labor...

US jobs growth far weaker than originally thought

The BLS jobs revision report set to be released Wednesday morning could lower employment growth by 1 million jobs from April 2023 through March 2024.

There's an under-the-radar job market update coming that could shake up stocks and the Fed this week

A New York Fed survey released Monday showed that of those who were employed at the time of the last survey in March, 88% still had jobs, the lowest in data going back to 2014. Those who expected to become unemployed rose to 4.4%, a 0.5 percentage point increase from...

Fed survey shows lows in employment, worries about finding work and dissatisfaction with pay

Initial jobless claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. In the week ending August 17th, initial jobless claims were at a seasonally adjusted level of 232,000. This represents an increase of 4,000 from the previous week's figure and is right in line with economist forecasts.

Unemployment Claims Up 4K, Right in Line with Forecasts

At the end of the month there were 1.33 million homes on the market, an increase of 0.8% from June and 19.8% higher than July 2023. Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units, according to the National Association of Realtors. That was the first gain in five months.

Home sales rose in July for the first time in five months

Zoom shares jumped on Thursday after the company reported better-than-expected results for the second quarter and lifted its full-year guidance. Revenue for fiscal 2025 will be between $4.63 billion and $4.64 billion, Zoom said, after previously expecting sales for the year of up to $4.62 billion. On the earnings call,...

Zoom stock has best day in almost two years on quarterly results, increased guidance

CHICAGO – All eyes are on the Democrats’ convention this week, where Vice President Kamala Harris’ rapid ascension to the top of the ticket has led to an unprecedented shakeup in the national political climate. During a highly anticipated speech on Monday night, an emotional President Joe...

Zooming in on the fight for the House

Kiplinger

Snowflake stock is lower Thursday even as the tech company disclosed a Q2 earnings beat and raised a key sales forecast. Here's what you need to know.

Why Snowflake Stock Is Sinking After a Q2 Earnings Beat

Reuters

(Reuters) - Mexico's statistics agency INEGI released on Thursday a series of data showing that inflation slowed more than expected while growth remained tepid, opening the door for the country's central bank to deliver a new interest rate cut next month.

Mexico's GDP, inflation figures support bets of September rate cut

NewsBreak

Markets shrug downward after jobs revision

The U.S. economy created 818,000 fewer jobs than initially reported over the prior...

Markets shrug downward after jobs revision

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