U.S. Payrolls Count Reduced 208,000 in Year to March
ByThe 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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
Read this article on the Terminal Request a demo to learn more
If you believe that you may have received this message in error please let us know.
- Avicii, DJ-Producer Who Performed Around the World, Dies
- Deutsche Bank's Bad News Gets Worse With $35 Billion Flub
- Wells Fargo's $1 Billion Pact Gives U.S. Power to Fire Managers
- Southwest Airlines Gives $5,000 to Passengers on Fatal Flight
- Oil Shrugs Off Trump Tweet to Rise for a Second Straight Week