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ANN KENEVAN on May 12, 2025

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ANN KENEVAN

Labor Department Admits Hundreds of Thousands of Biden Jobs Were Fake EJ Antoni, Ph.D. May 12, 2025... View MoreLabor Department Admits Hundreds of Thousands of Biden Jobs Were Fake EJ Antoni, Ph.D. May 12, 2025 The Biden administration claimed to have added almost 400,000 jobs from July through September of last year, but new data released this week suggest none of those jobs ever existed. Despite constantly gaslighting by the mainstream media, Americans knew the economy was in poor shape and these latest numbers prove it. Month after month, the government bean-counters under former-president Biden published overly optimistic estimates for everything from job growth to the size of the economy, only to have those numbers routinely—and quietly—revised down later. Every month, the Bureau of Labor Statistics (BLS) produces estimates for the number of nonfarm payrolls in the country, as well as revisions for the last two months’ estimates. Under Biden, these revisions were abnormal in magnitude and direction, being revised down with unusual frequency. While these monthly job reports are compiled from a survey of over 600,000 businesses, of which fewer than 200,000 are surveyed each month. But the BLS also publishes much more comprehensive quarterly data called Business Employment Dynamics (BED) that come from a census of over 12 million businesses—that’s over 17 times the sample size of the monthly job reports’ survey. This more accurate dataset was just released by the BLS for the third quarter of last year, which ran from the start of July through the end of September. In stark contrast to the monthly job reports showing an increase of 399,000 jobs during the third quarter, these new numbers show a decline of 1,000 private-sector jobs. To be clear, the monthly job reports and the BED data do not measure exactly the same thing, and the BLS also publishes another dataset called the quarterly census of employment and wages. Each of these reports excludes certain categories of jobs or industries like railroads, government, self-employment, agriculture, etc. https://townhall.com/columnists/ej-antoni/2025/05/12/labor-department-admits-hundreds-of-thousands-of-biden-jobs-were-fake-n2656813

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Labor Department Admits Hundreds of Thousands of Biden Jobs Were Fake townhall.com

May 12, 2025