Balance of Power

US Payrolls Marked Down, Israel Strikes Hamas Targets in Doha


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US job growth was far less robust in the year through March than previously reported, adding to mounting pressure on the Federal Reserve to lower interest rates.

The number of workers on payrolls will likely be revised down by a record 911,000, or 0.6%, according to the government’s preliminary benchmark revision out Tuesday. The final figures are due early next year.

Before the report, the government’s payrolls data indicated employers added nearly 1.8 million total jobs in the year through March on a non-seasonally adjusted basis, or an average of 149,000 per month. The revision showed average monthly job growth was roughly half that.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Kriti Gupta is in for Kailey. Joe and Kriti speak with:

  • Bloomberg Washington Correspondent Tyler Kendall.
  • Republican Senator Roger Marshall of Kansas.
  • Carnegie Endowment for International Peace Senior Fellow Aaron David Miller.
  • Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.

See omnystudio.com/listener for privacy information.

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