The number of jobs in the country has been revised – Tri-State Alert

August 22 — Well, the government has revised its jobs data. 

Despite the fact that in 2023 and 2024, there were apparently a ton of jobs out there, it now turns out that may not have been true. 

A recent review from the Bureau of Labor and Statistics has found that there were actually more than 800,000 fewer jobs added by employers between 2023 and 2024 than was originally reported. 

The US unemployment rate is up to 4.3% — it’s the highest it’s been since 2021. 

Pat Ryan of NewsTalk 103.7FM pointed out, “Five out of the last six jobs reports have now been revised lower. The lies. You do this real world business world, you get fired for this kind of stuff, for false reporting here. But apparently it’s okay as we revise and we revise and revise.” 

Michele Jansen of NewsTalk 103.7FM added, “Hilariously, Gina Raimondo has embarrassed herself yet again. That’s our wonderful Secretary of Commerce. What do these people do all day? How could she not know that this report came out? She was with ABC News, and she actually said, when they asked her about well, what about the jobs were revised down. And she said, oh, I don’t believe anything, I’ve never heard Donald Trump say anything truthful, and they said, but this is from the Bureau of Labor. Unbelievable. But I’m a little suspicious of suddenly this report coming out now, because this is going to put pressure on the Fed to drop interest rates. I think the one was already baked in they were saying, but now this could promote a second one. And what does that do? Well, very short term, it gives a lovely boost to the stock market. Just in time for the election. Do people pay attention to the fact that that job creation that they’ve been touting is much less than it was? By the way, in the last year, which means more of the Biden policies were taking effect. They crow about the job creation, but so much of that was the bounce back from COVID that had nothing to do with Biden policies. But in the last year when the Biden policies would have been kicking in the most, oh, turns out we lied, or, okay, we accidentally got wrong, the job creation. But now it’s beneficial to kind of let that news out. I’m just so disturbed by all of this in the way, the American public doesn’t maybe understand what this really means.”

Ryan suggested, “Well, they don’t pay attention to the revision numbers at all, but maybe they’ll pay attention to this one.”

Attorney Clint Barkdoll said, “None of this makes sense to me either, and I think it greatly undermines the credibility of these reporting agencies. So this revision, to put it in context, the original report said there were 2.9 million new jobs created, this revision eliminated or downgraded that. They said it was overstated by 818,000. So it was closer to say 2.2 million new jobs instead of 2.9 million new jobs. But what’s puzzling to me, all of the major market indexes traded up on this news yesterday. Goldman Sachs, maybe the leading Wall Street investment firm, their economists immediately came out and said they think this downward revision has been overstated by about 500,000 and again, I don’t understand that. How is it that these Wall Street economists now are saying the downward revision is too much? It’s baffling to me, and to me, the takeaway is, when these reports come out, people should just be skeptical of them, because they always seem to get revised. There’s even reporting yesterday that this downward revision yesterday, this very report may get revised again as more data is provided over the next few weeks.”

Ryan said, “It’s a great job to be in. Imagine if, as an attorney, if you could do what they do to the American people.”

“How do they get away with this?” Barkdoll asked.