Heightening Fears of Economic Slowdown

The report comes after the department reported Friday that the economy generated just 22,000 jobs in August, adding to fears that President Donald Trump's erratic economic policies, including massive and unpredictable taxes on imports, have created so much uncertainty that businesses are reluctant to hire.

New data shows U.S. created 911,000 fewer jobs in year through March

By PAUL WISEMAN - AP Economics Writer

Sep 9, 2025 Updated 5 hrs ago

Sal Guatieri, senior economist at BMO Capital Markets said the revisions painted “a much weaker portrait of the job market than initially thought. While the revision doesn’t say much about what has happened since March, it suggests the labor market had less momentum heading into the trade war. And, recent data suggest the market has downshifted further.″ Since March, monthly job creation has decelerated to an average 53,000.

The numbers issued Tuesday are preliminary. Final revisions will come out in February 2026.

The revision showed that leisure and hospitality firms — including hotels and restaurants — added 176,000 fewer jobs than originally reported, professional and business services companies 158,000 fewer and retailers 126,000 fewer.

 

'Not a good sign':
Annual job growth revised down by 911,000

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Job growth revised down by 911,000 through March, signaling economy on shakier footing than realized

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U.S. Added 911,000 Fewer Jobs in the Year Ended in March

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U.S. employers added 911,000 fewer jobs than first reported, new BLS data shows

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US job growth through March was significantly weaker than previously thought

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'Not a good sign': Annual job growth revised down by 911,000

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U.S. job growth revised down by 911,000 through March

Sep 9, 2025, 9:21am PDT

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Gent Shkullaku/ZUMA Press Wire/via Reuters

The US economy added 911,000 fewer jobs than previously reported in the year to March, heightening fears of an economic slowdown.

Tuesday’s revised figures from the Bureau of Labor Statistics suggested the labor market expanded at only about half the pace previously announced, mounting pressure on the agency weeks after US President Donald Trump fired its head over other negative revisions, fueling a debate about the integrity of its economic data.

The latest downgrade could solidify Trump’s argument that his aggressive tariff and immigration agenda are not to blame for the cooling labor market, the Financial Times wrote, and gives him more reason to accuse the Fed of waiting too long to slash interest rates.

— Natasha Bracken