The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark revision to total Nonfarm employment for March 2025 is -911,000, or -0.6%.
The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on Tuesday, September 9.
The preliminary revision will cover the 12-month period through March 2025 before the final benchmark revision is reported within the employment report of February 2026.
"Official establishment survey estimates are not updated based on this preliminary benchmark revision. The final benchmark revision will be incorporated into official estimates with the publication of the January 2026 Employment Situation news release in February 2026," the BLS notes.
When the BLS released the preliminary annual benchmark revisions in August 2024, it noted that the US economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024. This translated into an actual job growth of 30% less than initially outlined for this period.
In response, the Federal Reserve (Fed) lowered the policy rate by 50 basis points (bps) in September 2024, bringing the fed funds rate to 5% from 5.5%
Source : Fxstreet
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