The U.S. Added Only 116,000 Jobs in 2025, Not 1.2 Million![]()
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When the monthly jobs reports came out in 2025, they added up to about 1.21 million new jobs. After revisions, the U.S. economy added just 116,000 jobs that year, roughly 90 percent fewer than first reported.![]()
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The figures were highlighted Thursday by economist and former Obama administration official Steve Rattner, using Bureau of Labor Statistics data compiled by the St. Louis Fed. "First reported" sums each month's initial jobs estimate, while "after revisions" reflects current data, including the annual benchmark revision.![]()
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That works out to an average of about 9,700 jobs per month in 2025, compared with roughly 100,700 per month in the original reports.![]()
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Several months flipped from gains to losses. January 2025 was first reported as a gain of 143,000 jobs and now shows a loss of 48,000. June 2025 went from a gain of 147,000 to a loss of 20,000, and August 2025 went from a gain of 22,000 to a loss of 70,000.![]()
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Much of the drop came in February, when the BLS annual benchmark revision lowered the March 2025 employment level by 898,000 jobs. At that point, 2025's total gain stood at 181,000. Later monthly revisions brought it down further to 116,000.![]()
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2024 was also revised sharply, from 2.59 million jobs as first reported to 1.46 million, a 44 percent drop. For 2026, January through September, the first reported total of 730,000 jobs has been revised to 612,000, about 16 percent lower.![]()
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The BLS says revisions are a normal part of its process, since many businesses respond to its monthly survey after the initial report is released, and the annual benchmark is checked against state unemployment insurance records. Economists note that revisions tend to be larger when the economy is shifting quickly.![]()
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The agency's numbers drew national attention in August 2025, when President Trump fired the BLS commissioner after a jobs report that included a large downward revision.![]()
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#JobsReport #Economy #FloridaNews
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