Monday, June 23, 2025

Latest

US Jobs Report Revises Down Prior Estimates By 149,000

Employment is on the rise in the US, with the latest report by the US Bureau of Labor Statistics indicating this morning that nonfarm payroll employment rose by 253,000 jobs in the month of April.

The unemployment rate currently is said to sit at 3.4%, while the number of unemployed persons is numbered at 5.7 million. The biggest gains over the course of the month came from the professional and business services sector, which saw 45,000 jobs added, versus the average of 25,000.

In a positive move for labor, the average hourly earnings for all employees also rose, jumping 16 cents to $33.36, with average hourly earnings increasing by 4.4% over the last 12 months – which is in stark contrast to current levels of inflation.

Downward revisions for February and March

The big story on social media this morning however is the downward revisions for prior employment figures. The month of February saw its figure revised down to +248,000 jobs, a decline of 78,000 from the prior stated +326,000. The month of March meanwhile saw a downward revision of 71,000 jobs, dropping from +236,000 to +165,000. On a cumulative basis, the figures mean there were 149,000 less jobs than previously reported.

The changes are said to be a result of additional reports received from industry and government agencies since the initial figures were published, and from the “recalculation of seasonal factors.”

Given the size of the revisions, Zerohedge created a simple chart on the matter.

Others meanwhile question the motive behind the strategy.


Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Tudor Gold x American Creek: Consolidating A Massive Gold Project

Aura Minerals: The Era Dorada Underground PEA

Gold Is Now Smart Money’s End Game | Doug Casey

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Canada’s Economy Only Recoups 418.5K Jobs in July, Suggesting Labour Market Recovery has Plateaued

Canada’s economy appears to be steadily improving from the effects of the coronavirus pandemic, as...

Saturday, August 8, 2020, 11:35:00 AM

US Bureau of Labour Statistics Releases Puzzling Employment Data

It appears that the US economy has been subject to what appears to be significantly...

Sunday, June 7, 2020, 11:07:00 AM

Jerome Powell Suggests More Needs To Be Done By Congress To Pull Economy Out Of Downturn

Jerome Powell, the US Federal Reserve Chairman recently addressed the current coronavirus-induced economic downturn via...

Sunday, May 17, 2020, 02:29:00 PM

Kashkari: Real Unemployment Likely 23% Or 24%

This morning on NBC Today, Minneapolis Federal Reserve President Neel Kashkari indicated that the jobs...

Thursday, May 7, 2020, 10:03:00 AM

Canada’s Unemployment Rate Unexpectedly Dips to 5.1% Ahead of BOC’s Rate Decision

Employment levels across Canada remained relatively unchanged in November, but the unemployment rate did unexpectedly...

Friday, December 2, 2022, 12:05:56 PM