U.S. Added 79,000 Fewer Jobs in 12 Months Through March, BLS Says

Aug 28 (Reuters) - The U.S. economy likely created 79,000 fewer jobs in the ​12 months through March ‌than previously estimated, the government said on Friday.

The preliminary annual benchmark ​revision estimate to the ​closely watched payrolls data from the ⁠Labor Department's Bureau of ​Labor Statistics (BLS) came weeks after ​it reported a surprise drop in employment in July.

The U.S. job creation ​rate has already been decelerating ​over the last two years, in ‌part ⁠because of slower demand for labor from businesses uncertain about the economic outlook and whether ​the artificial ​intelligence ⁠boom would allow them to replace workers with ​tech tools. Also, there ​has ⁠been a reduction in the pool of available workers because ⁠of ​retirements and President ​Donald Trump's aggressive immigration crackdowns.