The “The Big Money Show” committee discusses the enormous review of American job data.
Tuesday, Bls Statistics Office (BLS) I published a review One of the latest jobs numbers, the report shows to what extent was the total recruitment estimates of reality.
Only the latest data confirm what many already suspect – that the situation is worse than we thought. There is incredibly wrong in BLS, and for our economy, it is time to fix it.
From March 2024 to March 2025 – a period that often covers the last year of Biden Administration The BLS job numbers estimated at 911,000. In other words, during that period, the nation added an amazing function less than 911,000 jobs, originally reported, which is the biggest mistake of this.
Let that drown.
Decreased job growth in the United States during the month of March by 911K
The “Kudlow” committee of Steve Moore and ART LAFFer discusses concerns with the Labor Statistics Office, the choice of President Donald Trump to work in the Federal Reserve as well as his criticism of Paul Crowagman.
But it is much worse. Over the past three years, BLS has exceeded nearly 3 million jobs that have not existed.
These are not random errors when each review deviates in the same direction.
Even more worrying, BLS numbers that were released last week indicated two opposite directions. Show one scan 22,000 jobs created While the other suggested approximately 300,000. What is it?
By relying on defective data and deviant reporting methods, BLS invented millions of jobs that were not there. Then this defective data was used by the Biden Administration and the old administration to promote the labor market is not present, instead of reporting the recovery of weak jobs.
Former BLS Commissioner says there are better ways to collect data for job reports
For a agency describing itself as a “main fact -finding agency for the federal government” in the economies and statistics of work, this is a shocking and unbearable mistake.
Steve Forbes, Forbes Editor -in -Chief, is studying the data of the Labor Statistics Office, the impact of President Donald Trump on manufacturing and more on “Evening Editing”.
These types of negligence have become the rule for a agency charged with producing data that regularly directs public policy and pays the volatility of the special economic market.
Not only publish job reports – but also track critical problems such as Economic inflationRun the consumer price index, which measures to what extent the Americans’ money goes.
This is not just an academic exercise. There are real effects on the policy resulting from the wrong numbers. Bad numbers lead to a bad policy.
Trump Economic Adviser returns to the NBC host on the “shooting” call for shooting on BLS
Political makers throughout the government depend on BLS data to form decisions on taxes, spending and monetary policies. Americans all over the country rely on BLS data to judge how the decisions of elected officials affect their daily lives and the issues that concern them, which means that defective data can change the results of our elections.
Most covered period in this week’s report was conducted in the president’s days that fell Joe Biden Duration. During his last year in office, BLS’s work numbers were stopped by more than 50 %.
This exaggeration came in appreciation during the controversial elections, which focused largely on the economy and focused on issues such as jobs and inflation. The defective BLS data drew a much better picture of Biden’s economy than reality – which prompted some voters to prefer him (and then Harris) over Trump.

President Joe Biden speaks at the White House Park in Washington, DC on Tuesday, May 14, 2024. ( / Getty Images)
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President Trump has ended in winning the elections regardless of – and he has now proven that his fears about BLS are completely correct. President Trump believes that the numbers are “forged” to make the economy look better than it was. maybe. Or maybe just a large number of incompetence.
Either way, this cannot happen again.
Trump ran on a promise to restore transparency, accountability and efficiency to Federal government. This is a task that BLS needs to restore as a golden standard for jobs and work data. This means removing control of the agency, improving data collection and improving communication with the American people.
There is something wrong to seriously in BLS. It can be and must be fixed. Americans must support the president’s efforts to do so – including his candidate.
Steve Moore is the co -co -founder of the unleasible and former economic advisor of Donald Trump. His last book is “The Trump Economic Miracle”.
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