The recent Bureau of Labor Statistics (BLS) employment report for April revealed that U.S. employers added approximately 175,000 jobs. However, the same report also disclosed downward revisions for earlier months, with the BLS admitting that the combined employment for February and March was actually 22,000 lower than initially reported.
This pattern of downward revisions has been observed nearly every month since President Joe Biden took office, suggesting that the BLS has been releasing optimistic jobs reports, only to later update them with more accurate, but less favorable, statistics.
They're really putting the 'BS' in BLS (Bureau of Labor Statistics). The monthly job numbers are always great, then quietly get revised down when no one is paying attention.
— Wall Street Silver (@WallStreetSilv) May 23, 2024
Then they publish totally different numbers showing a quarter of the jobs allegedly added last yearโฆ https://t.co/XF2eQWJ2Yx
Numbers have been revised down nearly every single month. pic.twitter.com/xpsHASDxYq
— Andrew @ Donโt Walk, RUN! (@DontWalkRUN) March 8, 2024