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CBS News

The labor market added 818,000 fewer jobs than earlier reported. Here's what experts say that means.

CBS News
Summary
Nutrition label

85% Informative

Job growth averaged 174,000 a month in the year that ended in March .

The downward revision adds evidence of a slowing labor market, economists say.

It could reinforce the Federal Reserve's plan to start cutting interest rates soon, they say.

The biggest downward revisions were the professional services and hospitality industries.

VR Score

93

Informative language

98

Neutral language

54

Article tone

semi-formal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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no affiliate links