Half a Million US Jobs at Risk of Vanishing in Payroll Revision
- Government to issue preliminary benchmark employment revision
- Pace of job growth moderating yet still viewed as healthy
US payrolls growth in the year through March is forecast to be weaker than current data illustrate — by one estimate about 500,000 jobs weaker.
JPMorgan Chase & Co.’s Daniel Silver estimates Wednesday’s government preliminary benchmark revision will shave nearly half a million off the level of total employment for March, or about 40,000 fewer jobs per month over the 12-month period.