The U.S. Economy has added 911,000 fewer jobs than previously thought for the 12 months ending in March, signaling potential stagnation in job growth even before recent tariffs were enacted.
The Bureau of Labor Statistics is expected to lower employment figures for the year by 400,000 to 1 million jobs after a prior revision of 598,000 jobs, addressing issues regarding trade policy and labor supply.
Economists suggest that these job revisions will have minimal impact on the Federal Reserve’s monetary policy, which may involve interest rate cuts in response to lingering economic uncertainties.
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