Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Economy

STEVE MOORE: The 'gold standard' of jobs data is broken — and America is paying the price

News Room by News Room
September 22, 2025
Reading Time: 3 mins read
0
STEVE MOORE: The 'gold standard' of jobs data is broken — and America is paying the price

On Tuesday, the Bureau of Labor Statistics (BLS) published a revision of its latest job numbers, a report that shows just how far off its estimates of overall employment were from reality.   

The latest data just confirms what many already suspected—that the situation is worse than we thought. There’s something incredibly wrong at BLS, and for the sake of our economy, it’s time to fix it.   

From March 2024 to March 2025—a period mostly covering the final year of the Biden administration — BLS overestimated job numbers by 911,000. In other words, for that period, the nation added a stunning 911,000 fewer jobs than were originally reported, the largest such error on record.  

Let that sink in.  

US JOB GROWTH THROUGH MARCH REVISED LOWER BY 911K

But it’s a lot worse than that. Over the last three years, the BLS has overcounted nearly 3 million jobs that didn’t exist.  

These aren’t random errors when every revision skews in the same direction.  

Even more troubling, the BLS numbers released last week pointed in opposite directions. One survey showed 22,000 jobs created while the other suggested nearly 300,000. Which is it?

By relying on faulty data and skewed reporting methods, BLS essentially invented millions of jobs that weren’t there. That flawed data was then used by the Biden administration and the legacy media to promote a job market that didn’t exist, instead of reporting the weak jobs’ recovery. 

FORMER BLS COMMISSIONER SAYS THERE ARE BETTER WAYS TO COLLECT DATA FOR JOBS REPORTS

For an agency that describes itself as the “principal fact-finding agency for the federal government” in labor economics and statistics, that’s a shocking and intolerable error.  

These kinds of miscounts have become the norm for an agency tasked with producing data that regularly steers public policy and drives private economic market swings.   

BLS doesn’t just publish job reports — it also tracks critical issues like inflation, running the Consumer Price Index that measures how far  Americans’ money goes.  

This isn’t just an academic exercise. There are real policy implications that result from faulty numbers. Bad numbers lead to bad policy.

TRUMP ECONOMIC ADVISER FIRES BACK AT NBC HOST OVER ‘SHOOTING THE MESSENGER’ CLAIM ABOUT BLS FIRING

Policymakers throughout the government rely on BLS data to shape decisions on taxes, spending and monetary policies. Americans across the country rely on BLS data to judge how elected officials’ decisions affect their daily lives and the issues that matter to them, meaning flawed data could change the outcomes of our elections.  

Most of the period covered in this week’s report took place in the waning days of President Joe Biden’s tenure. For his last year in office, BLS job numbers were off by more than 50%.  

That overestimation came during a highly contentious election focused largely on the economy and centered on issues like jobs and inflation. Flawed BLS data painted a far better picture of Biden’s economy than reality—potentially pushing some voters to favor him (and later, Harris) over Trump.   

President Trump ended up winning the election regardless—and he’s now proven that his concerns about BLS are absolutely correct. President Trump believes the numbers were “rigged” to make the economy to appear better than it was. Perhaps. Or maybe it was just sheer number counting incompetence. 

Either way, this cannot happen again.  

Trump ran on the promise to restore transparency, accountability and efficiency to the federal government. That’s a mission he needs to take to BLS to restore it as the gold standard of jobs and labor data. That means depoliticizing the agency, improving data collection and refining its communication with the American people.  

There is something seriously wrong at BLS. It can and must be fixed. Americans should back the president’s efforts to do so—including his nominee.  

Steve Moore is a co-founder of Unleash Prosperity and a former senior economic adviser to Donald Trump. His latest book is “The Trump Economic Miracle.”

Read the full article here

ShareTweetSendSend

Related Posts

UPS may begin disposing of imported packages over customs issues
Economy

UPS may begin disposing of imported packages over customs issues

October 13, 2025
Over 20 state economies are in or near recession, Moody's finds
Economy

Over 20 state economies are in or near recession, Moody's finds

October 12, 2025
Families sue Boeing, Honeywell over deadly Air India crash that killed 260 people in June
Economy

Families sue Boeing, Honeywell over deadly Air India crash that killed 260 people in June

October 10, 2025
Spirit Airlines furloughing 1,800 flight attendants just before Christmas travel season
Economy

Spirit Airlines furloughing 1,800 flight attendants just before Christmas travel season

October 9, 2025
California trying to keep oil and gas firms from leaving the state
Economy

California trying to keep oil and gas firms from leaving the state

October 8, 2025
OpenAI announces five new Stargate data center locations in multiple states for AI project
Economy

OpenAI announces five new Stargate data center locations in multiple states for AI project

October 7, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • UPS may begin disposing of imported packages over customs issues
  • Over 20 state economies are in or near recession, Moody's finds
  • Mortgage rates fall for first time in 3 weeks

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.