Nonagricultural job gains this year were cut by 306,000 in a new report released by the Labor Department.
According to revised data released Wednesday, there were a lower number of nonfarm jobs added at the beginning of 2023 than initial estimates indicated in March. The new numbers, which are part of the Bureau of Labor Statistics’s annual benchmark review of payroll data, suggest that jobs were added by employers at a slower rate this year than in 2022.
The jobs hit hardest in the revisions were in warehousing, transportation and the professional and business services sector. The revisions also ticked