in the year through March, after the Labor Department on Wednesday lowered its estimate of total payroll employment that month by 306,000 and of private employment by even more.
Private employment growth was revised down by 358,000, or 0.3% below what had been previously estimated by the department. Government employment was revised up by 52,000, or 0.2%. By her estimate, it reduces average monthly job growth from April 2022 through the latest report for July 2023 to 313,000 from a pre-revision average of 332,000. That is still almost double the prevailing monthly growth rate in the decade prior to the coronavirus pandemic.