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Report dampens U.S. employment outlook

by Rachel Lynn Aldrich
Posted 8/22/19, 11:42 am

Revised figures showed the U.S. economy had 501,000 fewer total jobs in March than initially reported. That’s the sharpest downward revision in jobs totals since 2009. The report is stoking fears of a coming economic downturn.

Where did the decrease come from? The Bureau of Labor Statistics bases its monthly employment situation reports on data from a sample of employers. It later adjusts the sample data using an employment census taken in March of each year. This year, the census showed retailers had 146,400 fewer jobs than expected. The leisure and hospitality sector, including hotels and restaurants, had 175,000 fewer jobs. The job report numbers for business services, healthcare, construction, and manufacturing also came in lower than initial estimates. But government employers, financial services, information and transportation, and warehousing ended up hiring more workers than initially reported.

Dig deeper: Read the job reports for May and June.


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Rachel Lynn Aldrich

Rachel is an assistant editor for WORLD Digital. Follow Rachel on Twitter @Rachel_Lynn_A.

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Comments

  • news2me
    Posted: Thu, 08/22/2019 03:27 pm

    How many immigrants have flooded our borders? How many immigrants have taken many of the jobs?

    We stayed at a motel in Boise, ID and the help could not speak any English. And we only met 2. It 's an "immigrant friendly" city.

    What about demands for higher pay? (lessens the number of employees)

    And now automation is replacing people who want more money. 

     

     

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