What happened
The U.S. economy created slightly fewer jobs from the spring of 2025 to the spring of 2026 than originally reported, according to new government figures released on August 28, 2026. The revision leaves intact an image of a sluggish labor market in which hiring was unusually slow.
Why it matters
The downward revision underscores the persistent weakness in the U.S. labor market during that period. With hiring slower than initially estimated, the data may influence economic assessments and policy discussions.