The post Jobs report revisions September 2025: appeared on BitcoinEthereumNews.com. The labor market created far fewer jobs than previously thought, according to a Labor Department report Tuesday that added to concerns both about the health of the economy and the state of data collection. Annual revisions to nonfarm payrolls data for the year prior to March 2025 showed a drop of 911,000 from the initial estimates, according to a preliminary report from the Bureau of Labor Statistics. The total revision was on the high end of Wall Street expectations, which ranged from a low around 600,000 to as many as a million. The revisions were more than 50% higher than last year’s adjustment. The numbers, which are adjusted from data in the quarterly census and reflect updated information on business openings and closings, add to evidence that the employment picture in the U.S. is weakening. Most of the time span for the report came before President Donald Trump took office, indicating the jobs picture was deteriorating before he began levying tariffs against U.S. trading partners. Tuesday’s revisions are not by themselves a reflection of current conditions as they go back as much as a year and a half. However, recent months’ data also has been pointing to a soft labor market. The summer months of June, July and August saw average payroll growth of just 29,000 per month, below the breakeven level for keeping the unemployment rate steady. The largest markdowns came in leisure and hospitality (-176,000), professional and business services (-158,000) and retail trade (-126,200). Most sectors saw downward revisions, though transportation and warehousing and utilities had small gains. Almost all the revisions were confined to the private sector; government jobs were adjusted down by 31,000. Stocks reacted little to the release, though Treasury yields erased losses and turned higher. In addition to the economic concerns, the revisions also… The post Jobs report revisions September 2025: appeared on BitcoinEthereumNews.com. The labor market created far fewer jobs than previously thought, according to a Labor Department report Tuesday that added to concerns both about the health of the economy and the state of data collection. Annual revisions to nonfarm payrolls data for the year prior to March 2025 showed a drop of 911,000 from the initial estimates, according to a preliminary report from the Bureau of Labor Statistics. The total revision was on the high end of Wall Street expectations, which ranged from a low around 600,000 to as many as a million. The revisions were more than 50% higher than last year’s adjustment. The numbers, which are adjusted from data in the quarterly census and reflect updated information on business openings and closings, add to evidence that the employment picture in the U.S. is weakening. Most of the time span for the report came before President Donald Trump took office, indicating the jobs picture was deteriorating before he began levying tariffs against U.S. trading partners. Tuesday’s revisions are not by themselves a reflection of current conditions as they go back as much as a year and a half. However, recent months’ data also has been pointing to a soft labor market. The summer months of June, July and August saw average payroll growth of just 29,000 per month, below the breakeven level for keeping the unemployment rate steady. The largest markdowns came in leisure and hospitality (-176,000), professional and business services (-158,000) and retail trade (-126,200). Most sectors saw downward revisions, though transportation and warehousing and utilities had small gains. Almost all the revisions were confined to the private sector; government jobs were adjusted down by 31,000. Stocks reacted little to the release, though Treasury yields erased losses and turned higher. In addition to the economic concerns, the revisions also…