General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUS job growth through March was significantly weaker than previously thought (CNN background)
https://www.cnn.com/2025/09/09/business/us-bls-jobs-preliminary-benchmark-revisions(snip)
Every year, the BLS seeks to provide a near-complete employment count by squaring past jobs data from business surveys (more timely but not as accurate) with comprehensive unemployment insurance quarterly tax filings (highly accurate but significantly lagged in timing).
The preliminary benchmark revision of -911,000 came in on the high end of economists estimates and accounts for about a 0.6% share of overall employment. The annual benchmark revisions during the past 10 years had an absolute average of 0.2% of total nonfarm employment, BLS data shows.
If spread out through the year ended in March, the revision would lower the average monthly job gains by nearly 76,000 positions between April 2024 and March 2025. As it stands now, job growth during that period was 146,500 per month.
If finalized, this downward revision would bring that to about 70,500 per month, BLS data shows.
(snip)
dalton99a
(95,309 posts)roamer65
(37,974 posts)Just in the early days of it.
Ocelot II
(131,241 posts)Wiz Imp
(10,424 posts)Trump will take this as proof that the BLS commissioner was manipulating the numbers. Of course, that is total bullshit, but that won't stop Trump from making the claim.
FloridaBlues
(4,685 posts)Are these numbers believable? The BLS staff is practically dismantled and under new leadership.
Wiz Imp
(10,424 posts)BLS staff has not been dismantled. A few statisticians retired but the vast majority of career statisticians remain and continue to produce legitimate numbers.
Johnny2X2X
(24,438 posts)Well know when the books get cooked as these career civil servants will resign.
Big I fear the corporate media will pay attention to that for a couple months and then just go on reporting the then fake numbers as if they were legit.
Wiz Imp
(10,424 posts)BoRaGard
(7,591 posts)America cannot afford their incompetence
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