Another Big And 'Unexpected' Jobs Report Revision

[Edgetho]

Shocking, just -- Shocking that a certain Party would politicize Jobs Reports.

Shocking. Just.......... Shocking I tell you.

https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-09-09-2025/card/the-bls-is-poised-to-revise-its-jobs-data-what-to-know--mzok7VdFDazNWxNuxR8w?mod=lctimeline_finance

A reassessment of recent jobs data came out this morning, showing the U.S. added 911,000 fewer jobs than previously thought over the 12 months that ended in March. That larger-than-expected figure will likely feed into the broader debate about labor-market weakness and the reliability of U.S. economic statistics. Here's what to know:
The report is for the year from April 2024 to March 2025—meaning it mostly covers the end of the Biden administration.

It shows a big markdown in jobs added—911,000, according to the Bureau of Labor Statistics. ANZ economists had projected the downward revision would be 600,000 to 900,000 roles.

In a weekend interview, Treasury Secretary Scott Bessent said the downward revision could total up to 800,000 jobs.

For comparison, data had suggested the economy added about 1.76 million jobs in the 12 months through March.

The Bureau of Labor Statistics report released at 10 a.m. ET used more comprehensive state unemployment-tax data.

Tuesday's estimates are preliminary. Final 2023-24 data, issued in February, cut that year's tally by 598,000 jobs, not adjusting for seasonal swings.

 

[task0778]

Didn't Trump fire somebody for this reason? I think the Fed is going to cut interest rates in 2 weeks, maybe by a half point. That'll juice the economy a little bit, but also possibly lead to higher inflation. I know, inflation hasn't gone up much yet, but it does take awhile to show up in higher prices. Maybe not as much unless Trump tries to pass some kind of tariff rebate, but the reality is that when you artificially increase the money in people's pockets they're going to spend it.

 

[Hafar1014]

Shocking, just -- Shocking that a certain Party would politicize Jobs Reports.

Shocking. Just.......... Shocking I tell you.

https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-09-09-2025/card/the-bls-is-poised-to-revise-its-jobs-data-what-to-know--mzok7VdFDazNWxNuxR8w?mod=lctimeline_finance

A reassessment of recent jobs data came out this morning, showing the U.S. added 911,000 fewer jobs than previously thought over the 12 months that ended in March. That larger-than-expected figure will likely feed into the broader debate about labor-market weakness and the reliability of U.S. economic statistics. Here's what to know:
The report is for the year from April 2024 to March 2025—meaning it mostly covers the end of the Biden administration.

It shows a big markdown in jobs added—911,000, according to the Bureau of Labor Statistics. ANZ economists had projected the downward revision would be 600,000 to 900,000 roles.

In a weekend interview, Treasury Secretary Scott Bessent said the downward revision could total up to 800,000 jobs.

For comparison, data had suggested the economy added about 1.76 million jobs in the 12 months through March.

The Bureau of Labor Statistics report released at 10 a.m. ET used more comprehensive state unemployment-tax data.

Tuesday's estimates are preliminary. Final 2023-24 data, issued in February, cut that year's tally by 598,000 jobs, not adjusting for seasonal swings.

Its still the Biden economy until one year after hes gone

 

[Mac1958]

Holy crap.

Unfortunately, many predicted this when the tariff circus began. Don't do it. This will cost American businesses too much and destroy global supply chains. Again.

Trump started his term with the "soft landing". And now, this.

 

[SassyIrishLass]

Holy crap.

Unfortunately, many predicted this when the tariff circus began. Don't do it. This will cost American businesses too much and destroy global supply chains. Again.

Trump started his term with the "soft landing". And now, this.

That ended in March... good grief

 

[leftwinger]

The President only wants accuracy. You'll find that out soon.

Too late Powell can't move with old fake DEM data. Too confusing. Should all be cleaned up going forward.

 

[candycorn]

Which was higher....the August job numbers or the average attendance of the Indiana Fever WNBA team?

 

[leftwinger]

**read it and weep

The Trump Administration will release a damning report detailing the ‘shortcomings’ of the Bureau of Labor Statistics after President Trump fired the Biden-appointed commissioner, according to The Wall Street Journal.

*****

“In my opinion, today’s Jobs Numbers were RIGGED in order to make the Republicans, and ME, look bad — Just like when they had three great days around the 2024 Presidential Election, and then, those numbers were “taken away” on November 15, 2024, right after the Election, when the Jobs Numbers were massively revised DOWNWARD, making a correction of over 818,000 Jobs — A TOTAL SCAM. Jerome “Too Late” Powell is no better! But, the good news is, our Country is doing GREAT!” Trump said last month.

Trump to Release Damning Report Detailing 'Shortcomings' of Bureau of Labor Statistics After Biden Appointee Fired | The Gateway Pundit | by Cristina Laila

The Trump Administration will release a damning report detailing the ‘shortcomings’ of the Bureau of Labor Statistics after President Trump fired the Biden-appointed commissioner, according to The Wall Street Journal.

www.thegatewaypundit.com

 

[WelfareQueen]

Holy crap.

Unfortunately, many predicted this when the tariff circus began. Don't do it. This will cost American businesses too much and destroy global supply chains. Again.

Trump started his term with the "soft landing". And now, this.

You do realize the downward revision covered the time period before any tariffs were in place. Dims....are retarded.

 

[SassyIrishLass]

You do realize the downward revision covered the time period before any tariffs were in place. Dims....

Winner winner!

 

[WelfareQueen]

Winner winner!

Mac & Cheese is a known serial liar like all Dims. They have no policies, no ideas, nothing the American People want. All they have are lies and hate.

 

[SassyIrishLass]

Mac & Cheese is a known serial liar like all Dims. They have no policies, no ideas, nothing the American People want. All they have are lies and hate.

Yeah but he's great for adding reaction scores with his stupid funny thing

He's as much as an economist as is Biden was coherent

 

[candycorn]

**read it and weep

The Trump Administration will release a damning report detailing the ‘shortcomings’ of the Bureau of Labor Statistics after President Trump fired the Biden-appointed commissioner, according to The Wall Street Journal.

*****

“In my opinion, today’s Jobs Numbers were RIGGED in order to make the Republicans, and ME, look bad — Just like when they had three great days around the 2024 Presidential Election, and then, those numbers were “taken away” on November 15, 2024, right after the Election, when the Jobs Numbers were massively revised DOWNWARD, making a correction of over 818,000 Jobs — A TOTAL SCAM. Jerome “Too Late” Powell is no better! But, the good news is, our Country is doing GREAT!” Trump said last month.

Trump to Release Damning Report Detailing 'Shortcomings' of Bureau of Labor Statistics After Biden Appointee Fired | The Gateway Pundit | by Cristina Laila

The Trump Administration will release a damning report detailing the ‘shortcomings’ of the Bureau of Labor Statistics after President Trump fired the Biden-appointed commissioner, according to The Wall Street Journal.

www.thegatewaypundit.com

The jobs numbers make the Trump administration not only look bad; it reveals nearly complete incompetence. 22000 jobs were added in August. More people watched the US Open finals on Sunday, in person, than got jobs last month.

 

[Correll]

Holy crap.

Unfortunately, many predicted this when the tariff circus began. Don't do it. This will cost American businesses too much and destroy global supply chains. Again.

Trump started his term with the "soft landing". And now, this.

It was just an honest mistake. That gave the DEMS good economic numbers to run on. False, numbers, but who cares once the votes are cast.


Just a coincidence that these mistakes always seem to benefit dems.

 

[leftwinger]

The jobs numbers make the Trump administration not only look bad; it reveals nearly complete incompetence. 22000 jobs were added in August. More people watched the US Open finals on Sunday, in person, than got jobs last month.

I know. Now we have accurate data. Would you rather continue the false DEM holdover incompetence data?

I hope it picks up. Maybe they cut rates and jobs pick up?

 

[Mac1958]

You do realize the downward revision covered the time period before any tariffs were in place. Dims....are retarded.

Hey Einstein.

The report is through the end of March 2025. Trump first started threatening tariffs on January 20, 2025, and first announced tariffs on Mexico, Canada and China on February 1, 2025. To keep it simple for you people, that's TWO MONTHS.

LOOK IT UP.

Ignorant, foolish rube. Typical Dunning-Kruger Trumpster. Another example of why I've given up on you cultists.

The White House

 

[Edgetho]

Shit like this is not a harmless prank. The Fed uses Jobs Data as one measure with which to determine interest rates.

Most people don't realize this, but it was largely the Fed that was responsible for The Great Depression. They acted too slowly and when they did act, it was half-hearted and stupid.

AI Overview

The consensus among many economists and historians, notably Milton Friedman and Anna Schwartz, is that the Federal Reserve's actions, or lack thereof, significantly contributed to the Great Depression

 

[SassyIrishLass]

Hey Einstein.

The report is through the end of March 2025. Trump first started threatening tariffs on January 20, 2025, and first announced tariffs on Mexico, Canada and China on February 1, 2025. To keep it simple for you people, that's TWO MONTHS.

LOOK IT UP.

Ignorant, foolish rube. Typical Dunning-Kruger Trumpster. Another example of why I've given up on you cultists.

The White House

Weak sauce, you got caught

 

[Mac1958]

Weak sauce, you got caught

And I shoved it back down YOUR throat, too.

Ignorant rube.

 

[TemplarKormac]

Shocking, just -- Shocking that a certain Party would politicize Jobs Reports.

Shocking. Just.......... Shocking I tell you.

https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-09-09-2025/card/the-bls-is-poised-to-revise-its-jobs-data-what-to-know--mzok7VdFDazNWxNuxR8w?mod=lctimeline_finance

A reassessment of recent jobs data came out this morning, showing the U.S. added 911,000 fewer jobs than previously thought over the 12 months that ended in March. That larger-than-expected figure will likely feed into the broader debate about labor-market weakness and the reliability of U.S. economic statistics. Here's what to know:
The report is for the year from April 2024 to March 2025—meaning it mostly covers the end of the Biden administration.

It shows a big markdown in jobs added—911,000, according to the Bureau of Labor Statistics. ANZ economists had projected the downward revision would be 600,000 to 900,000 roles.

In a weekend interview, Treasury Secretary Scott Bessent said the downward revision could total up to 800,000 jobs.

For comparison, data had suggested the economy added about 1.76 million jobs in the 12 months through March.

The Bureau of Labor Statistics report released at 10 a.m. ET used more comprehensive state unemployment-tax data.

Tuesday's estimates are preliminary. Final 2023-24 data, issued in February, cut that year's tally by 598,000 jobs, not adjusting for seasonal swings.

Lol.

So the tariffs aren't causing the downturn, and the economy seemingly stalled right as Biden was leaving office.

Can I blame this on the Biden politburo yet?