Lesh
Diamond Member
- Dec 21, 2016
- 91,019
- 45,535
- 2,615
Tire point being what?It is accurate that the initial U.S. job numbers during a period of the Biden administration were significantly revised downward by the Bureau of Labor Statistics (BLS). The revisions showed hundreds of thousands of fewer jobs were added than initially reported, leading to political controversy and claims that the original numbers were false or misleading.
Key Details on the Job Data Revisions
Preliminary Annual Revision (August 2024): A preliminary "benchmark" revision for the year ending March 2024 suggested job growth was overstated by 818,000 jobs, or 0.5% of total employment.
Final Revision (September 2025): A later preliminary report indicated the overstatement for a slightly different time period (12 months through March 2025) was even larger, at an estimated 911,000 jobs.
Total Overstatement: Accounting for both the annual benchmark and monthly revisions, some analyses indicate the total number of jobs was overstated by approximately 1.18 million in the year through March (data from 2024/2025).
Comparison: The 2024/2025 downward revisions were described as the largest or one of the largest downward revisions since the 2008-2009 period during the Great Recession.
That initial jobs numbers are later adjusted (both down and up) as more information comes in?
