The red-hot American job market? Turns out it might not be quite as red hot as we thought. The Bureau of Labor Statistics on Wednesday said U.S. employers added half a million fewer jobs in 2018 and early 2019 than initially reported. (The new numbers are preliminary, and are part of a regular annual revision process.) As I wrote in today's New York Times , the revision doesn't change the big picture: The labor market is in good shape. But 500,000 jobs is a lot of jobs! Certainly enough to deserve attention. And it's the latest evidence that the economy might not have been as strong last year as we thought -- which is significant, because the economy has slowed further since then. Plus, as LinkedIn Chief Economist Guy Berger, Ph.D. told me, big data revisions can be a sign that the economy is at a turning point -- a troubling thought given the other economic warning signs out there right now. (Still, Dr. Berger doesn't see evidence of a recession just yet.) For more, see my story in today's Times. #recession #economy #jobs …see more