00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Labor Department's Bureau of Labor Statistics sharply revised down U.S. job growth estimates for
00:07the past two years, according to the Wall Street Journal. The agency said the economy added 1.5
00:13million jobs in 2024, down from a prior estimate of 2 million. For 2025, job gains totaled 181,000
00:22compared with a previous estimate of 584,000. An annual benchmark revision showed 898,000 fewer
00:30jobs than previously reported for the year ending last March. The BLS also revised its business birth
00:36death model that accounts for net business creation, affecting job figures for April through
00:41October 2025. The agency said survey sample errors and mismatches between survey responses and tax
00:47records contributed to the changes. Population revisions tied to immigration will be released
00:52with the February report. For all things money, visit Benzinga.com.
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