Back to today’s briefing

Story perspectives

2023 Job Growth Slashed: 1 Million Fewer Jobs Expected

2/23/2026

43 5 Full Breakdown

Summary

Story summary

Key Information: The Bureau of Labor Statistics revised 2023 job growth to 181,000, a 69% drop from 584,000.
The agency cut its 2024 job growth estimate by nearly 28%, the largest revision since 2009, yielding over a million fewer jobs.
Despite unemployment at 4.3% in January, gains were concentrated in health care, which accounted for nearly 70% of the gains.

1 of 1

Story summary

Key Information: The Bureau of Labor Statistics revised 2023 job growth to 181,000, a 69% drop from 584,000.
The agency cut its 2024 job growth estimate by nearly 28%, the largest revision since 2009, yielding over a million fewer jobs.
Despite unemployment at 4.3% in January, gains were concentrated in health care, which accounted for nearly 70% of the gains.