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 U.S. economy added 818,000 fewer jobs than reported in year that ended in March
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The U.S. economy added 818,000 fewer jobs from April 2023 through March 2024 than initially reported; job growth averaged 174,000 a month, down from 242,000; unemployment rate rose to 4.3%; July jobs report showed only 114,000 jobs added; Federal Reserve raised rates 11 times in 2022 and 2023; inflation decreased from 9.1% in June 2022 to 2.9%; revisions aimed to better account for business fluctuations; Robert Frick, economist, noted muted job growth signals pressure on Fed to cut rates.

#UsEconomy #JobMarket #FederalReserve #InterestRates #Inflation #Employment #EconomicIndicators

https://www.investmentexecutive.com/news/research-and-markets/u-s-economy-added-818000-fewer-jobs-than-reported-in-year-that-ended-in-march/