US Nonfarm Payrolls Revised Down by 79K

The US economy added 79,000 fewer jobs in the 12 months through March 2026 than previously estimated, according to the Bureau of Labor Statistics’ preliminary benchmark revision, representing a downward adjustment of 0.1%. The revision was concentrated in several major sectors, with retail trade recording the largest reduction of 154,600 jobs. Private education and health services followed with a 96,000 downward revision, while wholesale trade was revised down by 86,200 and professional and business services by 76,000. Manufacturing payrolls were reduced by 67,000, while leisure and hospitality and mining and logging saw smaller downward adjustments of 33,000 and 6,000, respectively. However, several sectors recorded upward revisions. Transportation and warehousing led with an increase of 135,100 jobs, followed by government with 99,000, information with 87,000, financial activities with 85,000 and construction with 62,000.





