Macro Finance
US Job Growth Marked Down in Preliminary Benchmark Estimate
Bloomberg Markets·August 28, 2026·1 min read
US job growth was more moderate in the year through March than previously reported, according to a preliminary benchmark estimate. The downward revision underscores a downshift in the labor market that prompted the Federal Reserve to cut interest rates in 2025 despite persistent inflation, highlighting the delicate balance between employment and price stability.
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