100% false report. The data is easily available here:
Nonfarm Payroll Employment: Revisions between over-the-month estimates, 1979-present
From 1st est to 3rd for Trumps last year and all Biden’s:
2020 Overestimated the number of jobs added by 64k each month
2021 Underestimated the number of jobs added by -59k each month
2022 Underestimated the number of jobs added by -20k each month
2023 Overestimated the number of jobs added by 15k each month
THEY ARE NOT ADDITIVE. That report isnt a distortion… it is a lie. They are estimating total jobs on top of revisions so they are incorporated in the next month’s totals. The totals are within 15k per month on a number that is around 170M.
If every month I said there were 170,015,000 and there was actually 170,000,000 at the end of the year there was only 15,000 jobs over estimated… not 180,000 or 15k per month times 12. You guys are idiots.