Let’s start with the annual revisions. The seasonally adjusted total nonfarm employment level for March 2024 was revised downward by 589,000. On a not seasonally adjusted basis, the total nonfarm employment level for March 2024 was revised downward by 598,000, or -0.4 percent. Not seasonally adjusted, the absolute average benchmark revision over the past 10 years is 0.1 percent.  Not something that normally attracts a lot of attention. So, in addition to that adjustment for the total employed as of March 2024, they took the monthly numbers down, on average, by 20k. From a monthly average of 186k to 166k. ... NFP Instant Reaction – What To Do With Data You Don’t Trust?