The U.S. Department of Labor estimates a downward revision of 911,000 jobs created in the last year, highlighting a weaker labor market than previously thought.

The preliminary review by the Department of Labor suggests that the total number of new hires in the U.S. has been overestimated, with a decrease of 911,000 jobs for the year ending in March 2025. This indicates an average monthly increase of 76,000 fewer jobs than previous estimates. Economists anticipate interest rate cuts from the Federal Reserve, amid limited demand for labor and trade uncertainties. U.S. imports have increased, but imports from China have decreased significantly.