Cooking the Books: Labor Department Revises Job Growth Down by 818k - the Most Since 2009

Is the Biden Administration cooking the books on economic numbers? It’s getting to the point where it’s conspiratorial to think otherwise.

With the election months away, it was revealed yesterday that the administration had overstated job growth by nearly 1 million this year. 

As Fox Business reported:

U.S. job growth during much of the past year was significantly weaker than previously reported, according to new data published Wednesday.

The Bureau of Labor Statistics revised down its total tally of jobs created in the year through March by 818,000 as part of its preliminary annual benchmark review of payroll data. That suggests the economy added an average of 174,000 jobs per month during that time period — below the previous 242,000 estimate. On a monthly basis, that amounts to about 68,000 fewer jobs.

It marks the largest downward revision since 2009.

Amusingly, when Commerce Secretary Gina Raimondo was asked about these revisions at the DNC, she tried to blame them on Donald Trump. Raimondo was played footage from a Trump rally where Trump addressed the historic revisions, and was asked to react. 

“I don’t believe it because I’ve never heard Trump say anything truthful,” she said.

“It’s from the Bureau of Labor” the reporter replied, to which Raimondo simply said she’s not familiar with that. 

As I reported earlier this year of the numbers in 2023, the government overestimated the jobs numbers by 439,000, having revised all jobs reports downward, something that’s unlikely to be a coincidence.   

And that was hardly the start of it: 

Back in 2022, the Philadelphia Federal Reserve estimated that the BLS overstated job creation by over 1 million between March and June of that year. 

Back in 2022, ahead of Q2 GDP numbers that everyone knew would log a second quarter of negative economic growth, thus meeting the widely-used definition of a recession, the White House literally launched a campaign to redefine what the word “recession” means.

The White House managed to get a handful of fact-checkers to write articles agreeing with this new definition - and ironically many of those very same fact-checkers had adhered to the “two-quarters” definition themselves in past writings. 

Reality truly is optional for them - as now reflected in the fact that they’ll make up the numbers and then hope you don’t notice when they’re revised later.

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