Did Bureau of Labor Statistics fake the job numbers?

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SENIOR CONTRIBUTOR
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By CASEY HARPER | THE CENTER SQUARE

Lawmakers are launching an inquiry into the Department of Labor’s Bureau of Labor Statistics after it significantly overestimated the number of jobs created last year, creating a far rosier picture of the U.S. economy than was actually the case.

The federal government announced earlier this year that its previous jobs data had far overestimated how many jobs the U.S. economy created last year. In fact, the federal data was revised down by a third, or roughly 800,000 jobs, the largest revision since 2009.

Education and the Workforce Committee Chairwoman Virginia Foxx, R-N.C., and Health, Employment, Labor, and Pensions Subcommittee Chairman Bob Good, R-La., sent a letter to Acting Labor Secretary Julie Su demanding answers.

The jobs data is crucial for the economy, driving decision-making for the stock market and the U.S. Federal Reserve, who bases interest rate decisions of the data.

“The Harris-Biden Administration has been caught fraudulently manipulating Job Statistics to hide the true extent of the Economic Ruin they have inflicted upon America,” Trump said in a statement after BLS revised the numbers, as The Center Square previously reported. “New Data from the Bureau of Labor Statistics shows that the Administration PADDED THE NUMBERS with an extra 818,000 Jobs that DO NOT EXIST, AND NEVER DID.

“The real Numbers are much worse than that and, if Comrade Kamala gets another four years, millions more Jobs will VANISH overnight, and Inflation will completely destroy our Country.”

Slight revisions are normal for federal data, but how the data could be so far off has raised concerns.

“It’s troubling to see the Dept. of Labor issue an unusually large correction to last year’s jobs report,” Rep. Adrian Smith, R-Neb., wrote on X on Aug. 21, formerly known as Twitter, after the significant revision. “As unemployment rises, American workers need pro-growth action, not the stale policies of the Biden-Harris admin.”

Foxx also raised concerns that BLS allegedly gave advance notice to Wall Street firms about data that significantly drives market movement.

“BLS scheduled the release of the Job Numbers for 10:00 a.m. Eastern Daylight Time on August 21,” the letter said. “However, BLS did not release them at this time. BLS instead released them 30 minutes later. While the public waited for the release, BLS provided the Job Numbers in advance of the public release to some Wall Street firms.

“As a result, rumors circulated on Wall Street, with some analysts able to report the correct Job Numbers confidently and others spreading incorrect information. Trading volumes spiked around BLS’s delay. At best, BLS’s botched release of the Job Numbers caused significant uncertainty and confusion and undermined confidence in the data. At worst, BLS’s actions may have provided an unfair advantage to several firms.”

14 COMMENTS

  2. Everybody knows the real numbers are kept from the taxpayer.
    The numbers from the feds are tailored to fit the presidents speeches and rosy economies.
    Remember the government lies to everybody all the time while stealing your money and freedoms.

  4. Government agencies appear to be biased to favor the current administration. EIA, which I think means Energy Information Agency, is trying to drive down the price of oil, despite actual record low inventory levels.

  5. Every single job in the economy since 2019 has gone to a person that wasn’t born in America. If you are an American and landed a job since 2019 it came from another American that retired, laid off, died, or vacated a job. The millions of jobs (it’s actually a lot lower) the BLS keeps reporting on are part time jobs filled by people that aren’t from here.
    The entire nation has been mortgaged away. There is noting left besides home values. The nation is $36 trillion in debt at the federal level and another $100 trillion in debt at the state, local, and pension level.

  6. There still remains doubt that anything federal agencies report is questionable? In an election season, to maintain the dysfunctional status quo? How ignorant and stupid does an individual need to be, to accept as “fact” anything the government or main stream media spin?

  8. We don’t need to hear the X formerly known as twitter. We all know it’s old news. Thank you

    Further more bidens entire presidency is a fraud. The guy is a lunatic. I don’t wish him dead but it would sure be nice if he disappeared to wherever sleazy politicians disappear to. He could move in Next door to slippery dick Cheney and his sleazy daughter. What her name .??

  9. Just like the last election – when you don’t like the numbers, you claim they are fake. Sore, sore losers. I can hardly wait to see what you all cook up after the upcoming loss in November.

    • Sense your so in tune with the current group of fabricators you should be ready for the bone that’s thrown form the victory parade.
      The dog needs a lesson in truth and reality.

    • And, when the BLS “revises” their numbers, what is that? The US public being sore losers?
      When is the last time the job number report was revised to increase the number of jobs gained? For some reason, when the report comes out in one month, it is hundreds of thousands of jobs created!!!! But, halfway through the next month, the number is revised to less than a hundred thousand. (Yes, I know those numbers are pulled out of the air.)
      .
      Not being a sore loser when the trend is obvious.

    • WTD, I don’t understand your argument. It is nonsensical. The BLS released jobs numbers then a few weeks later the very same BLS puts out a new report drastically reducing THEIR OWN previously reported numbers. While it is not unheard of that the BLS adjusts numbers, these are not minor changes, but indicators that their previous estimate was grossly overstated. Considering the influence these numbers have on our economy and the market, the impression of manipulation is unavoidable.

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