US jobs data indicates weaker market

By Agence France-Presse

Aug 23, 2024 12:10 am

WASHINGTON, D.C. — The US jobs market was probably cooler than expected in the year through March, Labor Department data showed on Wednesday, signaling weaker but still-positive growth.

US employers were estimated to have added 818,000 fewer jobs than initially reported for the 12-month period, meaning job growth in the world's biggest economy was lowered by around 68,000 per month.

COOLING DOWN A cyclist rides past a "Now Hiring sign posted on a business storefront in San Gabriel, California, on Aug. 21, 2024. US job gains for the past 12 months ending in March showed there were 818,000 fewer jobs than previously reported. AFP PHOTO

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