The U.S. Bureau of Labor Statistics (BLS) significantly revised employment data on Tuesday (Sept. 9), cutting the number of jobs added in the 12 months leading up to March this year by 911,000. The revised figure is less than half of the initially reported 1.79 million. The White House responded by shifting blame to the previous Biden administration, claiming the data reveal the economy under Biden was "worse than ever."
According to the revised data, non-farm employment over the past year, ending in March, decreased by 911,000, equivalent to an average reduction of nearly 76,000 jobs per month.
The White House Press Secretary stated in a declaration the same day, "This makes it very clear that the economy under the Biden administration was much worse than previously thought, and President Trump inherited a weaker economy than we imagined." The statement also emphasized that the weak labor market leaves Federal Reserve Chair Jerome Powell "with no excuses and he must cut interest rates now."
U.S. media noted that this revision is the largest in American history, indicating a sharp cooling of the labor market over the past 12 months and adding more uncertainty to the economy. Experts caution that President Trump, who has repeatedly claimed employment data was "manipulated," now has more reasons to take "more aggressive actions."
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