Summary
- U.S. annual job growth in 2025 was revised down to 181,000, the lowest level since 2003 excluding recession periods.
- January nonfarm payrolls exceeded market forecasts and the unemployment rate fell, posting gains above expectations.
- The downward revision reflects the U.S. Bureau of Labor Statistics’ base-year benchmark data update and changes to the model estimating business births and deaths.
Forecast Trend Report by Period
U.S. annual job growth in 2025 was sharply revised down, marking the weakest performance since 2003 when excluding recession periods.
According to Walter Bloomberg, an economic breaking-news account, total new jobs in the U.S. in 2025 were tallied at 181,000. That works out to roughly 15,000 a month on average. The figure reflects major revisions and is the lowest since 2003 outside of recession periods.
Still, January employment data showed a rebound, with gains coming in above expectations. Nonfarm payrolls exceeded market forecasts, and the unemployment rate fell.
The downward revision to the annual total reflects an update to benchmark data for the base year by the U.S. Bureau of Labor Statistics (BLS) as well as changes to the model used to estimate business births and deaths.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
