In the final months of the Biden administration and the first few months of the Trump administration, the jobs market grew more slowly than previously believed, according to the regular yearly report, which is a correction to payroll data.
Although a significant downward revision was expected by economists, the lower-than-expected figure strengthened worries about the state of the largest economy in the world.
Ahead of its meeting next week, the Federal Reserve is keeping a watchful eye out for indications of weakening in the labor market.
