U.S. created 818,000 fewer jobs than previously reported, adds to case for Fed interest-rate cuts
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U.S. created 818,000 fewer jobs than previously reported, adds to case for Fed interest-rate cuts

The U.S. added 818,000 fewer jobs than previously reported from the spring of 2023 to the spring of 2024, indicating the labor market began to cool off earlier and faster than it appeared at the time.