By many measures, America’s job market looks to be in good shape: In January, unemployment was at a historically low 4% as employers continued the second-longest streak of job growth in US history, according to fresh government data out Friday.
The Trump administration, however, had a more pessimistic view, pointing to an annual benchmark revision released Friday showing there were 589,000 fewer jobs added to the economy in 2024 than previously tallied.
“The benchmark told us that the downward revisions for the Biden job record were about cumulatively a whole million people,
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