The U.S. Labor Department said on the 28th that the economy likely created 79,000 fewer jobs in the year through March than previously estimated. The pace of U.S. job creation has already been slowing over the past two years. One factor is that businesses are uncertain about the economic outlook and whether they can replace tasks with artificial intelligence and IT tools, dampening labor demand. Additionally, an increase in retirements and the Trump administration's strict immigration enforcement have reduced the labor force.
