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Fed spokesperson: U.S. job growth is indeed not as strong as previously reported

BlockBeats reported that on August 21, after the release of the revised data on the total number of non-farm payrolls in the United States in March, Nick Timiraos, a reporter for the Wall Street Journal known as the "Federal Reserve's mouthpiece," said on social media:


U.S. job growth is indeed not as strong as previously reported each month. In the 12 months ending in March, the United States added 818,000 fewer jobs than previously reported, which reduced the average monthly number of jobs (previously 246,000) by 68,000. The specific revisions for each month will not be officially announced until February 2025. In addition to the total number of people, the report revised the employment level by 0.5%, the largest since 2009.

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New job additions may be just above breakeven, and the wage-unemployment ratio could potentially signal the opposite.
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