A sharp review of the job data in America adds pressure on the federal

The American labor market witnessed a new tremor with the work statistics office an initial review indicating a record reduction in employment data of 911 thousand jobs during the year ending in March 2025, equivalent to 0.6% of the total workers on wage statements.

The report, published on Tuesday, made it clear that the average monthly growth of jobs did not exceed about 75 thousand jobs, or half of the previously announced number (149 thousand). Negative reviews are concentrated in the wholesale and retail sectors, hospitality and entertainment, and professional services, as well as manufacturing. New data gave the federal an additional reason to think about reducing interest rates during its meeting on September 17. With the slowdown in the labor market and the frequency of employment, the pressure on Jerome Powell and his colleagues increased to move quickly to alleviate borrowing costs, especially after Powell recently acknowledged that the risks to employment increased. Repeated reviews have sparked political anger, as President Donald Trump, head of the statistics office last month, dismissed doubtful data accuracy. Labor Minister Lori Chavez-Dreams said that the major amendments “give the American people an additional reason”, stressing that economic data should remain accurate and neutral away from political accounts. (Bloomberg)