The Labor Department said the U.S. economy probably created fewer jobs than currently estimated in the year ended March 2015, according to its preliminary benchmark projections for revisions due next year.
The number of jobs added to U.S. payrolls will probably be revised down by 208,000, which is 0.1 percent of the 141.2 million people employed as of March, the Labor Department said Thursday on its website. The current estimate for net hiring in the 12 months ended in March shows a 3.12 million gain. Professional and business services, leisure and hospitality, and education and health care showed smaller payrolls than initially estimated.
The final annual benchmark revisions to payrolls will be issued with the January employment data released in February 2016. The Labor Department uses records from state jobless benefit tax records to benchmark its employment data.