Can y'all believe how fake these BLS jobs numbers are now??...

May 2, 2025, 1:51 PM

For the past few yrs, I've seen some posters on here post ad nauseum on how the BLS data was political and how the initial jobs estimates get revised down in the following 2 months most months...and how that was done on purpose to boost up the Biden admin's economic numbers.

I explained how the jobs numbers survey worked more times than I should have and these posters never budged in their opinions that the BLS was political.

Well, 100 days into the Trump admin, and Trump must have successfully replaced all of the career economists with MAGA folks because, guess what....the February and March preliminary jobs numbers were both revised down today.

So, MAGA, I ask you...are these jobs numbers and unemployment rate still BS?!?

https://www.bls.gov/news.release/pdf/empsit.pdf

The change in total nonfarm payroll employment for February was revised down by 15,000, from +117,000 to +102,000, and the change for March was revised down by 43,000, from +228,000 to +185,000. With these revisions, employment in February and March combined is 58,000 lower than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)

Good news is that the preliminary April jobs came in at +177k, beating estimates. Unemployment stayed at 4.2%. That's going to make it pretty tough for the feds to lower the fed funds rate, I think.