This means that, combined, there were 258,000 fewer jobs added than the original reports stated.
Joel Kan, Mortgage Bankers Association VP and chief economist, said the numbers showed businesses were taking a wait-and-see attitude about the current economic situation.
“Notably, goods-producing industries saw contraction for the third straight month,” Kan said. “Service industries involved in trade also saw declines in job growth, potentially a result of the uncertain tariff environment, as businesses either put their activity on pause or pulled back altogether.
“The downward revisions were larger than usual, totaling 258,000 fewer jobs estimated for the prior two months, which dropped the year-to-date average to 85,000 jobs, around half of the monthly average in 2024.”
Unemployment rose to 4.2%, with the number of long-term unemployed increasing 179,000 to 1.8 million people. Those people, who have been jobless for 27 weeks or more, account for 24.9% of all unemployed people.