The U.S. non-farm payrolls were significantly revised down by 911,000, and the weak economy has raised expectations of interest rate cuts
The latest preliminary adjustment data released by the US Department of Labor shows that in the 12 months ending March 2025, the number of new jobs created in the non-farm sector in the United States decreased by 911,000 compared with the initially announced figure, with an average reduction of nearly 76,000 positions per month.
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