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Lead Experienced Recruiting Specialist at Deloitte | Talent Acquisition Innovator | AI in HR Advocate
In a surprising turn of events, recent data reveals that the U.S. labor market has been cooling off for a longer period than previously anticipated. According to the latest estimates, the number of new jobs added in the year through March was 30% fewer than initially reported. This substantial downward revision, amounting to 818,000 fewer jobs, marks the largest adjustment since the financial crisis. How did the government get it so wrong? This significant discrepancy raises questions about the methodologies and data sources used in initial job growth estimates. #hiringdata #labormarket #uslabormarket #newjobs