GOP senators demand answers after grim revision says US added 818K fewer jobs
A group of Republican senators is demanding an explanation for how President Biden's Labor Department overstated the number of new jobs created over the past year after the department issued its preliminary downward revision to U.S. employment data for the biggest time since 2009. Revised figures from the Bureau of Labor Statistics released Wednesday suggested […]
US economy created 818K fewer jobs than initially reported
The U.S. economy hasn’t performed as well as it appeared so far this year and into early 2023, according to revised data released by the Federal Reserve. The U.S. labor market added 818,000 fewer jobs in the 12 months ending in March, the Bureau of Labor Statistics said Wednesday, marking the biggest preliminary downward revision […]