More bad news on the economy. Turns out the BLS was cooking numbers the entire time during Biden's presidency. You thought it was bad they revised Trump's numbers down by 50k? They just revised down March 2024-march 2025 by nearly 1 million.
That means they over reported bidens employment gains by nearly a million leading up the the election.
This is the largest correction ever since the BLS started tracking these numbers
https://www.newsweek.com/donald-trump-bad-news-us-economy-jobs-2108440
Donald Trump Gets Even More Bad News on US Economy
Analysts expect U.S. jobs figures to face further revisions this year, after downward adjustments to recent data angered President Donald Trump and led him to the fire the country's top employment statistician.
Analysts expect U.S. jobs figures to face further revisions this year, after downward adjustments to recent data angered President Donald Trump and led him to the fire the country's top employment statistician.
According to a note released by Goldman Sachs over the weekend, preliminary revision estimates set to be published by the Bureau of Labor Statistics (BLS) in September will reveal a 550,000-950,000 downward revision for the 12-month period through March 2025.
Although the period subject to such change overlaps with more of Joe Biden's presidency than Trump's second term, these substantial revisions will be viewed against the backdrop of the White House's recent criticism of the agency.
Following a weak jobs reading on Friday, and substantial revisions to earlier data, the president accused the BLS commissioner, Erika McEntarfer, of rigging data to reflect poorly on his administration and fired her from her post.
This move has been roundly criticized by officials and lawmakers on both sides of the aisle, who believe it will undermine the credibility and independence of the BLS, but the White House has pointed to other significant revisions as evidence of persistent inaccurate data-gathering by the agency.
What To Know
On Friday, the BLS released its report on non-farm payroll employment for July, revealing that only 73,000 jobs were added in the month compared to consensus forecasts of 110,000. In addition, the agency downwardly revised figures from May and June by a total of 258,000 jobs.
Hours after the announcement, Trump said he would be firing McEntarfer "immediately" and replacing her with "someone much more competent and qualified."
Without evidence, the president said July's figures were "RIGGED in order to make the Republicans, and ME, look bad," and accused McEntarfer of manipulating the data "for political purposes."
Trump pointed to sizable revisions by the BLS under McEntarfer's leadership, in particular its last preliminary annual benchmark revision last August, when the agency found that the economy had created 818,000 fewer jobs than initially reported in the 12-month period through March 2024. This was later updated to reflect a 598,000 overestimation in previous data.
Trump incorrectly claimed that this was a "record" revision—the final revision in 2009 came to 902,000—and listed other examples he said were used to "try and boost" the Democrats' chances of victory in the 2024 election.
However, should the higher-end estimate of 950,000 provided by Goldman Sachs be correct, and not amended in subsequent estimates, this would amount to the largest downward revision since tracking began in 1979.
>>1424418You already knew that bidens BLS appointee over-reported his employment numbers by nearly a million leading up to a federal election?
>>1424425I already know no one believes you or the clickbait rag known as "newsweek". You might as well go back to posting Daily Mail shit.
>>1424417 (OP)>That means they over reported bidens employment gains by nearly a million leading up the the election.So when every democrat was telling us the economy was going great under Biden because he created all these jobs, that was a lie?
I'm shocked I tell you. Shocked.
>>1424430If Biden not making as many jobs as he claimed is bad, what is Trump not having ANY of the jobs he claimed?
Reminder he also said outright his issue wasn't the numbers being higher than they actually were, but that they were fixed to show how low they actually were.
>>1424435Biden had a million fake new jobs reported as an accomplishment in yet another Democrat attempt at gaslight America
Trump is now dealing with the effects of bidens series of failed economic plans. High inflation, high unemployment, widespread policies of systemic discrimination in Democrat municipalities, low jobs, everything is being piled on trump for him to fix.
He's fixed the illegal immigration problem already though, that's a plus
>>1424456>Trump is now dealing with the effects of bidens series of failed economic plans. High inflation, high unemployment, widespread policies of systemic discrimination in Democrat municipalities, low jobs, everything is being piled on trump for him to fix.But I thought everything was going amazing because of Trump and he fired her because she tried to make it seem like it wasn't?
That's what he said yesterday on Truth Social, so what's the case? Is it bad because of Biden, or does it only seem bad because Biden's appointee was lying? And if she was lying, why would she make Trump initially seem better then he actually was?
>>1424457Bro I don't care what someone said on social media, if you want to suck trumps pp you can follow his account.
I'm telling you what's been reported by news publications, Idc about your dumb strawmen
>>1424458So Trump is lying and fired the appointee for reporting the true bad numbers showing our job market is in the shitter. Got it.
>>1424427>Daily MailAbout that
https://www.dailymail.co.uk/news/article-14958783/whites-community-leader-eric-orwoll-porn-videos-wife.html
Even that may no longer be an option for the resident rightard in /news/
When even Newsweek is turning against Trump, what's left for the right? As I've seen on a Zippo lighter 'When nothing's going right, try going left'
>>1424417 (OP)>Turns out the BLS was cooking numbers the entire time during Biden's presidency. You thought it was bad they revised Trump's numbers down by 50k? They just revised down March 2024-march 2025 by nearly 1 million.>That means they over reported bidens employment gains by nearly a million leading up the the election....that's not what the article says at all.
>>1424459>fired the appointee for reporting the true numbersBut did he replace him with a crony?
>>1424417 (OP)What, did they realize gig work isn't "jobs"?
>>1424477But enough about Project 2025
>>1424425Read 'em and weep..Beeyatch
>>1424427Trump has just TACO'd on that $10 billion lawsuit against the Wall Street Journal. Do you know who's reported on this? Newsweek
It really is over for MAGAts when they can no longer find sources for 'gotchas' against their enemies. Even the Daily Mail has abandoned them but they did a few years ago when the day after a certain election, they said Biden was the 'Voice of Reason and Sanity'
>>1424758You're telling me Newsweek broke the story? Very hard to believe.
>>1424759>Newsweek broke the storyThey didn't need to. The fact they reported it proves they're no longer 100% pro-Trump, or they wouldn't have reported it if they were.
>>1424417 (OP)I suggest you all start saving money now. Pay off your debt too.
It's going to be a bumpy ride.
>>1424765Those who voted for Trump will be suffering more. Just ask those who already are but they'll no longer be voting Republican in the midterms & beyond if the leader of that party they previously voted for & put so much faith in has betrayed them, thus in soon to be Soviet America, suffering will be you, Trumpy & your cultists
>>1424763My point was not that they are pro-Trump, it's that they don't have reporters. Instead they have bloggers who copy stories from reputable places and spin them to make it more clickbaity. They don't care if a story if pro-Trump or anti-Trump as long as they can spin it for more clicks one way or the other.
>>1424776So Newsweek isn't reliable enough for the Trumpists. Because others can point out articles by NW that are counterpoints to 'gotchas' by rightards. That's the point.
>>1424782Fair point. I agree there is at least one rightest poster here who favors newsweek clickbait stories who doesn't post article text and makes up gotcha headlines (which are usually proven false by the story he won't paste).
