U.S. employers add 130,000 jobs last month while revisions cut thousands

The Labour Department reported 130,000 jobs added in the most recent month and said the unemployment rate fell to 4.3%. Major benchmark revisions have reduced the count of jobs created in the prior year to about 181,000, down from an earlier figure of 584,000.

U.S. payrolls rose by 130,000 in the latest monthly report and the Labour Department said the unemployment rate dropped to 4.3%. The release also included sizable benchmark revisions that lowered last year’s reported job creation to about 181,000 from a previously reported 584,000. Officials and economists said those revisions reflect more complete employer data and updated measures of business openings and closures. Analysts continue to examine how the revised figures change the recent picture of hiring. Key details: - The most recent monthly increase was reported as 130,000 jobs. - The unemployment rate was reported at 4.3% in the same release. - Annual benchmark revisions lowered last year’s job-creation total to roughly 181,000 from 584,000. - A preliminary estimate had suggested larger cuts (as many as 911,000 for the year ending March 2025), and economists said the final benchmark revision would be refined. Summary: The revisions have reduced reported job creation and made recent hiring trends harder to interpret. Officials and analysts are reassessing payroll numbers in light of updated employer reports and business birth-death data. Undetermined at this time.