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This article is transferred from [CCTV News Client];

On August 21, local time, the preliminary estimate of the benchmark revision of non-farm employment data released by the U.S. Bureau of Labor Statistics showed that during the statistical period from April 2023 to March 2024,U.S. job creation fell 818,000 jobs from previous estimatesThis reduced total employment growth (excluding farm employment) over the 12-month period to about 2.1 million from the previous estimate of 2.9 million, and reduced the average monthly net new jobs during the period by about 68,000, from about 242,000 to about 174,000. Some analysts pointed out that the country's job growth in the year ending in March may not be as strong as previously reported.

After the data was released,The three major U.S. stock indexes reacted quickly and all showed a downward trend.

Every year, the U.S. Department of Labor Statistics revises data from its monthly business payroll survey and then compares March employment levels with levels measured by the Quarterly Census of Employment and Wages to revise previously published data.

According to the Ministry of Labor, the final data for the statistical period from April 2023 to March 2024 will be released in February 2025. (CCTV reporter Liu Xu)