U.S. probably added 150,000 fewer jobs in year through March

WASHINGTON – The U.S. economy probably added fewer jobs in the year through March 2016 than previously reported, government figures showed.

The number of workers added to U.S. payrolls will probably be revised down by 150,000, the Labor Department said Wednesday in preliminary benchmark projections for final revisions due next year.

The report suggests that the labor market was weaker than previously measured in the months covered by the revisions, even as the economy approaches full employment. Federal Reserve policy makers, who meet later this month, are debating whether to raise interest rates for the first time since December.

The final annual benchmark revisions to payrolls will be issued with the January employment data released on Feb. 3. The Labor Department uses records from state jobless benefit tax records to benchmark its employment data.

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