The U.S. government has admitted to overstating job growth by 911,000 in the year leading up to March 2025, casting doubts on the labor market's strength. The Bureau of Labor Statistics revealed this through its annual preliminary benchmark revision, revealing that nonfarm employment gains were actually 911,000 jobs lower than previously reported. The revision, based on more comprehensive state-level tax records, revised the average monthly job creation figure for April 2024 to March 2025 from 147,000 to 71,000. This marks the largest annual payroll revision in U.S. history, surpassing the 902,000 downward adjustment during the Great Financial Crisis. The revision cut private sector jobs by 880,000 (0.7%), showcasing widespread weakness across industries. For more details, visit Benzinga.com.