U.S. Economy Adds Fewer Jobs

This is a news story, published by PBS, that relates primarily to The Labor Department news.

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Federal Reserve

PBS

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U.S. economy added 818,000 fewer jobs than first reported, sign job market has been slowing

Summary

Nutrition label

78% Informative

The Labor Department estimates that job growth averaged 174,000 a month in the year that ended in March .

The revised total adds to evidence that the job market has been steadily slowing.

The downgraded estimate follows a jobs report for July that was much worse than expected, leading many economists to suggest that the Fed had waited too long to begin cutting interest rates.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful