“Today, the BLS released the largest downward revision on record proving that President Trump was right: Biden’s economy was a disaster and the BLS is broken. This is exactly why we need new leadership to restore trust and confidence in the BLS’s data on behalf of the financial markets, businesses, policymakers, and families that rely on this data to make major decisions. Much like the BLS has failed the American people, so has Jerome ‘Too Late’ Powell — who has officially run out of excuses and must cut the rates now.”
— White House Press Secretary Karoline Leavitt

The Bureau of Labor Statistics (BLS) just revised down their jobs numbers from April 2024 to March 2025 by 911,000 jobs — the biggest revision on record and another blunder in the lengthy history of inaccuracies and incompetence at BLS.

Here’s what you need to know:

• The benchmark revisions make clear the economy President Trump inherited was even weaker than we thought. Job growth was lackluster under Biden, with initial revisions from the last two years showing job growth was overstated by roughly 1.5 million workers — showing the Biden economy was propped up by illegal immigrants, poor data, government handouts, and a flood of Federal spending. In fact, despite opening the borders to millions of illegal aliens, the Biden economy still failed to add meaningfully more jobs than President Trump did in his first term.
• President Trump is right to demand accountability and reform at BLS. The stark revisions underscore the urgent need for Congress confirm E.J. Antoni, President Trump’s nominee for BLS commissioner, and begin the major reforms needed to restore Americans’ trust in the data after years of inaccuracy that has misled policymakers and eroded confidence.
• President Trump is right about the Federal Reserve being TOO LATE. The revisions make clear that the Fed’s monetary policy is far too restrictive and interest rates remain too high.
• President Trump is revitalizing our economy. He remains laser focused on implementing pro-growth policies, cutting taxes for hardworking Americans, and creating good-paying American jobs to usher in the Golden Age of America.

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