Jobs
US Payrolls Were Likely 306,000 Lower Than Previously Estimated
- Preliminary benchmark revision smaller than some had projected
- Biggest payrolls adjustment in transportation and warehousing
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US job growth was probably less robust in the year through March than previously reported, according to government data released Wednesday.
The number of workers on payrolls will likely be revised down by 306,000 for March of this year, according to the Bureau of Labor Statistics’ preliminary benchmark revision. The downward adjustment was smaller than some economists expected.