Assassin said:boognish_bear said:
sJUST IN: The U.S. added 911,000 fewer jobs in 2024-2025 than first estimated, per the BLS, suggesting that Trump came into office with a weaker labor market than initially thought — one that continued to weaken after his inauguration. https://t.co/NHhIolCXCc
— Axios (@axios) September 9, 2025
Looks like it will be about 1.5 million jobs fabricated by the Biden administration that will drastically change his economy numbers
So turns out this has been the process to estimate jobs for the last 50 years or so. Revisions happen each year like this, this is just the biggest revision since 2009.
Amazing! Dept of Labor sends out some surveys - that companies may or may not fill out - then takes a wild ass guess of employment which affects things like the stock market, the fed rate, economics, etc.
That's like estimating the football attendance 3 hours before kickoff.