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2024

U.S. adds 818,000 fewer jobs than reported earlier: official

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NEW YORK, Aug. 21 (Xinhua) -- The U.S. Labor Department said on Wednesday that monthly payroll figures overstated job growth by roughly 818,000 in the 12 months that ended in March, suggesting employers added about 174,000 jobs per month during that period, down from the previously reported pace of about 242,000 jobs, a downward revision of about 28 percent.

This is a sign that "cracks in the labor market are mo