More Than 800,000 U.S. Job Gains Have Been Revised Away — the Labor Market Is Much Weaker Than Originally Thought
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5 replies
Remember when he fired the guy that wouldn't fix numbers for him? Numbers were inaccurate from then on.
The numbers have been inaccurate for years across every administration. The annual job numbers always have a revision in October. Some years those revisions are so bad that it means everyone was operating on wildly inaccurate data for an entire year. And it's worse during economic downturns. Revisions like this happened under Biden, in fact the 2024 revision was about equal with a revision down of about 815k jobs.
I didn't know that, thanks for telling me.
At this point, if you're trusting any data coming from the U.S. federal govt, that's on you. They've been making shit up so brazenly for long enough that you should always assume they're lying.
Wile E Coyote Effect