#ETH The US economy's new jobs added have been revised down by 911,000, facing multiple challenges in the labor market.

According to Jinshi data reports, the U.S. government stated that in the 12 months ending March of this year, the U.S. economy may have added 911,000 fewer jobs than previously estimated. This indicates that signs of stagnation in job growth had already appeared before Trump imposed tough tariffs on imported goods.
Economists expect that the Labor Statistics Bureau under the U.S. Department of Labor may lower the employment level by 400,000 to 1 million jobs for the period from April 2024 to March 2025. Previously, the employment level for the period from April 2023 to March 2024 had already been reduced by 598,000 jobs.
The benchmark revision comes on the heels of news that job growth in August nearly stalled, and June marked the first decline in jobs in four and a half years. Uncertainty in trade policies and the White House tightening immigration policies have weakened labor supply, while businesses turning to artificial intelligence tools and automation have also suppressed demand for labor.
Economists believe that the downward revision of employment growth data has little impact on monetary policy. The Federal Reserve is expected to resume interest rate cuts next Wednesday, after pausing the easing cycle in January due to uncertainties related to tariffs.