The preview of the BLS benchmark revision leaves average job gains over the year through March solidly above the pace required to accommodate growth in the workforce over that time, but where we had seen a booming job market, we now see more-moderate growth.
The benchmark revision will not directly affect data for job gains since March, but experience with past revisions suggests that some part of the benchmark will likely carry forward. Thus, the currently reported job gains of 157,000 per month on average over the past three months may well be revised somewhat lower.