The U.S. economy created 818,000 fewer jobs than originally reported over the 12-month period ended March 2024.

 For the National Current Employment Statistics (CES) employment series, the annual benchmark revisions over the last 10 years have averaged plus or minus one-tenth of one percent of total nonfarm employment. The preliminary estimate of the benchmark revision indicates an adjustment to March 2024 total nonfarm employment of -818,000 (-0.5%).

In accordance with usual practice, the Bureau of Labor Statistics (BLS) is announcing the preliminary estimate of the upcoming annual benchmark revision to the establishment survey employment series.

The final benchmark revision will be issued in February 2025 with the publication of the January 2025 Employment Situation news release.

Preliminary benchmark revisions are calculated only for the month of March 2024 for the major industry sectors. The existing employment series are not updated with the release of the preliminary benchmark estimate. The data for all CES series will be updated when the final benchmark revision is issued.