BLS Revises Job Growth Down by 911,000 Between April 2024 and March 2025
“There was virtually no job creation in the last year of the Biden admin.”
The Bureau of Labor Statistics (BLS) revised downward the number of jobs created between April 2024 and March 2025 by 911,000.
That’s worse than the 818,000 downward revision from April 2023 to March 2024.
Holy moly. Former President Joe Biden’s economy was awful. This is the worst revision in history.
Everything went down except for transportation & warehousing and utilities.
2 million jobs from the last 3 years of the Biden admin have now been revised away. This despite the biggest debt issuance spree on record. pic.twitter.com/iPylnxuC5T
— zerohedge (@zerohedge) September 9, 2025
This is another BLS scandal, and Trump was absolutely right to fire the BLS commissioner.
What this means:
1). There was virtually no job creation in the last year of the Biden admin.
2). The Fed should have started cutting in February. https://t.co/IqJ8LR7kFs pic.twitter.com/TPsf70CZ4e— zerohedge (@zerohedge) September 9, 2025
The Federal Reserve has no excuse for not cutting interest rates now. This is unbelievable. From CNBC:
The revisions were more than 50% higher than last year’s adjustment and the largest on record going back to 2002. On a monthly basis, they suggest average job growth of 76,000 less than initially reported.
The numbers, which are adjusted from data in the quarterly census and reflect updated information on business openings and closings, add to evidence that the employment picture in the U.S. is weakening.
Most of the time span for the report came before President Donald Trump took office, indicating the jobs picture was deteriorating before he began levying tariffs against U.S. trading partners.
“The BLS’ preliminary benchmark revisions to nonfarm payrolls show a much weaker labor market over most of 2024 and early 2025 than previously estimated,” said Oren Klachkin, market economist at Nationwide Financial. “Importantly, the slower job creation implies income growth was also on a softer footing even prior to the recent rise in policy uncertainty and economic slowdown we’ve seen since the spring. This should give the Fed more impetus to restart its cutting cycle.”
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Comments
but lets look where fjb did succeed in creating jobs:
drug dealers >>27% increase
coyotes >>>>87% increase
dei positions>>> 112% increase
So traffickers.
The vile Dhimmi-crat apparatchiks view crime as a business, and, business is good!
Never say that the Dhimmi-crats don’t foster an environment that is conducive to entrepreneurship and risk-taking.
You mean to tell me Joe Biden’s entire presidency was a giant lie? Well, what do you expect from someone who stole the 2020 election? Anyone who believes he won that election honestly should never be taken seriously again.
A presidency of lies, undertaken and enabled by vile, stupid and evil Dhimmi-crats who slavishly follow the Father of Lies, in all of their wicked and evil deeds and mischief.
https://x.com/Rasmussen_Poll/status/1964740080255287804
We all went to bed and Trump was up by a very substantial amount, only to wake up in the morning that he was down in every state that Biden needed to win. And then, the check figure: Kamala “Fake Ass Black Woman” Harris lost by the same number or thereabouts of votes Biden “won” in 2020. And nobody in the media even considered it.
But…But…Bidenomics! We were told by the mop headed black lesbian DEI hire that it was producing the strongest economy in history, we were just too stupid to realize it.
You only know roughly how many jobs there are, but there are a lot. Big number. You measure it to say 1%,
The difference of two numbers that you know to 1% is accurate to 1.4% of the BIG numbers, which can easily be a million times bigger than the difference you get.
You’ve never heard about all the taxes employers are required to pay FOR EVERY EMPLOYEE? The data is easily obtainable by cross-referencing various statistics. Count FICA contributions andFederal Tax Withholdings, and you can get a pretty damn good estimate, if you want to.
If Visa and Mastercard can know how many customers each company has
I am pretty sure that the Government can count workers.
I don’t think Independent contractors are included in your example.
Obviously, socialism has not been tried correctly. Maybe next time…
Mamdani to the rescue in NY City.
Hey, just a thought. How in the name of Adam Smith did traders, the MSM, and financial institutions “guess” labor numbers to at least 20% off at the worst if the monthly numbers were closer to 90% off in reality?
Bought and paid for
And they delivered
Soviet Grain Report.
We have a federal INCOME tax and yet they expect people to believe the federal government doesn’t understand to a high degree of certainty how many people are employed in this country at any given moment? It’s absurd. We don’t need a Bureau of Labor Statistics, we just need access to the IRS database.
By the way, get rid of this “seasonally adjusted” fudge. Report the pure number and let the user of that data apply any adjustments THEY choose.
BLS publishes both seasonally adjusted and unadjusted numbers. You simply have never looked it up.
The BLS under the former hack leading it was essentially a random number generator and Trump was correct in firing her. The numbers were artificially inflated to help Biden’s and Harris’s election. The BLS should be abolished if it can’t do better than produce that garbage
Trump has mostly been wonderful truly.
But these tariffs have to end if we want a good economy.
Even if for no other reason if you do not want socialist wins in 2026 and 2028 a change in course is required.
He’ll end them when other countries end theirs. And when they stop subsidizing their industries to undercut ours (vis a vis China EVs and Temu slop).
Free trade has to run both ways.
Tariffs create economic incentives to produce in the USA which creates domestic jobs, provides tax revenue, spurs saving and investment by the newly employed at these new facilities.
If this were an academic exercise stating from a clean slate without any Nation having yet created either tariffs or non tariff barriers like import bans or import restrictions then sure your anti tariff argument would hold water. We don’t live in that scenario. The imposition of US trade barriers in response to many decades of tariff and other trade barriers imposed against US agriculture and US manufacturing and ultimately the US worker is lowering trade barriers to US exports which makes our economy stronger.
The tariffs aren’t the problem and never have been. The problem is that the Fed has kept interest rates too high for too long.
No the real problem is the Fed didn’t set rates at 8-9%. Do that and we stop the boondoggle govt spending and mal investment in the public sector creating zombie corporations b/c capital is too expensive. Instead the we got lots of both since ’08 with near zero rates. Plus that returns savings as a viable option to make a positive real rate of return instead of the TINA (There Is No Alternative) environment we have now which almost forces folks to take higher risk levels in stocks and real estate.
There are two employment report. One is the Payroll survey and the second is the household survey (Table A-1 of the BLS Employment Situation). The Payroll survey is forever being revised, the household survey is never revised. Also, the household survey is the basic datum for the unemployment rate. I recommend dispensing with the Payroll survey and using the household survey instead.
Please see my long comment below. You’re right: The problems come from the establishment survey. The revisions are pretty accurate, but they get little attention from the lazy and biased media.
I told you Biden was a Bum, but you wouldn’t listen!
The vile, stupid, evil and dishonest Dhimmi-crat apparatchiks replicate the behavior of Soviet communist apparatchiks, to a “t.”
The same shameful and perennial incompetence; the same casual mendacity and duplicity; the same callous and malicious indifference to human lives and to the predictably destructive consequences of their evil policies.
Turns out, “BLS” isn’t an acronym at all. Its just an abbreviation of “BulLSh!t”.
Just more lies from the pathologically lying Biden Clown Show administration, from Biden all the way down to that black lesbian version of Josef Goebbels KJP. And that you left wingers sat quietly smirking all this time., and yet have the audacity to squeal ‘liar!!’ if you even suspect something coming from the Trump administration isn’t true, defines you people for what you are….hypocrites of Biblical proportions.
Given that 200,000 feds left employment so far, with up to 300,000 expected by end of year, and those jobs aren’t going to be coming back, that would revise the jobs number down.
Over a million illegals have self deported so far, with some estimates double that, Those jobs are going to be filled with automation or Americans.
The grift mill of renewables is all but shut down, with more ‘jobs’ disappearing. Add to that the defunding of the democrat money laundering machine and you have some unknown number of jobs disappearing in the NGO world.
Total all those up and the new numbers are neither a surprise nor a Bad Thing. Cheers –
I’ve had two careers, one as a professional journalist when it was an honorable calling, and the other in finance. In both of those careers, especially near the end of the journalism career, I had fairly close involvement with bean counters in government.
Now, this comment section tends strongly to be knee-jerk right wing, so I don’t have much expectation that anyone will read carefully. But I know what I’m talking about, so some points to make.
1. The economy began to slow down in early 2024 because of the Fed’s interest rake hikes that started in the prior summer in response to the inflation during the covid years.
2. The weakening was evident in the unemployment numbers, which started to rise in the spring of ’24. That increase, which was a rise of 0.3% from March through June, caused me to predict a Trump victory when the June number was released in July. There is a very strong correlation between the direction of unemployment in the spring of an election year and the winner of the popular vote in November, hence my prediction.
3. The Bureau of Labor statistics has two (really three — read on) ways to survey employment. A “household survey” is what produces the monthly unemployment data, and it’s fairly accurate. An “establishment survey” of businesses produces those monthly jobs-added numbers, and it’s increasingly inaccurate. It covers only about 40% of employers. The third one, a “Quarterly Census of Employment and Wages (QCEW),” surveys 95% of businesses and is considerably more accurate. That’s where those revisions come from.
4. The BLS is not, IMO, skewing any numbers because of politics, but the second survey I just mentioned, that monthly establishment survey, has longstanding and increasing problems dating back more than a decade. It tends to under-report job gains in recoveries, and to under-report job losses during recessions. The backward-looking QCEW is the best measure we’ve got, but it’s quarterly and we’re in an instant-gratification society.
5. I think Trump has been correct to urge a Fed rate cut, but incorrect to accuse the BLS of political manipulation. What really happens is that the White House, regardless of the occupant, will tout strong numbers and downplay weak ones. Biden’s crew touted those strong monthly establishment surveys, and said nothing about the revisions that came every quarter. The political bias emanated from the “news” media, which let Biden get away with the focus on one set of numbers while all but ignoring the more reliable corrections issued quarterly.
6. It’s long overdue for BLS to take a hard look at how it surveys business establishments every month, and how it analyzes the data.
Revised downward “unexpectedly”.