【The total number of non-farm payrolls in the United States in March was revised down by 818,000
The U.S. Bureau of Labor Statistics released the first quarter employment and wage census report of 2024. The total number of employed people in the 370 largest counties in the United States in March 2024 was 153,585.6 million, a year-on-year increase of 1.3%.
The total number of non-farm payrolls in the United States in March was revised down by 818,000
U.S. Bureau of Labor Statistics: The preliminary estimate of the annual benchmark revision shows that the total number of non-farm payrolls in the United States in March 2024 was revised down by 818,000, a downward revision of 0.5%.
It is worth noting that the annual benchmark revision value data was originally scheduled to be released at 10 pm Beijing time, and was once delayed by more than 30 minutes. It is rare for a small episode to occur in the release schedule, and it is not clear what happened.
According to government data released on Wednesday, the full-year job growth in the United States as of March may be far less strong than previously reported. According to the preliminary baseline revision data from the Bureau of Labor Statistics, non-farm payrolls may fall by 818,000 in the 12 months ending in March, or about 68,000 per month. Some institutions have previously predicted a decrease of up to 1 million. The final revised data will be released early next year. Some economists said that the initial employment data may be exaggerated by a variety of factors, including adjustments for business creation and closure, and how unauthorized immigrant workers are counted.