Internet reports that U.S. job growth in the year to March may not be as strong as current government data suggests, underscoring the fact that the U.S. labor market entered a slowdown long before the hiring slowdown this summer. Economists at Wells Fargo, Allison, and Penson Macros expect that revised non-agricultural annual benchmark data released by the U.S. Bureau of Labor Statistics on Tuesday will show that employment in March was nearly 800,000 less than current estimates, or an average of about 67,000 per month. Nomura Securities, Bank of America and Royal Bank of Canada said the number of people being downgraded could even be close to 1 million. Although this data is slightly outdated, a sharp downward revision of the data will show that the labor market's momentum has weakened significantly last year and strengthen market expectations for a series of interest rate cuts by the Federal Reserve. The sharp revision of employment data for the second consecutive year is also likely to draw the ire of U.S. President Trump, who has criticized the accuracy of the Bureau of Labor Statistics data.