U.S. job growth for the year through March was revised lower than previously
reported, underlining cooling in the labor market and reinforcing expectations
the Fed will still cut rates in 2025 despite persistent inf. The Bureau of Labor
Statistics’ benchmark preliminary revision, released Friday, shows nonfarm
payrolls may be revised down by about 79,000 (a 0.1% reduction); final benchmark
data are due early next year.
