U.S. employment data revised down significantly, with only 911,000 new jobs added in March.

Hachi Chain News reported that the U.S. government announced on Tuesday that, in the 12 months ending in March of this year, the U.S. economy may have added 911,000 fewer jobs than previously estimated. This indicates signs of stagnation in job growth before Trump's implementation of tough tariffs on imported goods. Economists had previously predicted that the Bureau of Labor Statistics (BLS) under the U.S. Department of Labor might revise down the employment level for April 2024 to March 2025 by 400,000 to 1 million jobs. Previously, the employment level for April 2023 to March 2024 was revised down by 598,000 jobs. This benchmark revision follows another report last Friday — that job growth in August nearly stagnated, while June saw a reduction in jobs for the first time in four and a half years. In addition to being hampered by uncertainties around trade policies, the labor market is also under pressure from the White House tightening immigration policies, which has weakened labor supply. At the same time, companies turning to artificial intelligence tools and automation are also suppressing demand for labor. Economists believe that the downward revision of job growth data will have little impact on monetary policy. The Federal Reserve is expected to resume interest rate cuts next Wednesday, after pausing its easing cycle in January due to uncertainties caused by tariffs.

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