https://issuesinsights.com/2023/09/05/can-bidens-jobs-number-be-trusted-any-more/
President Joe Biden has staked so much on his claim that he’s “created” 13.5 million jobs since taking office that it’s worth asking if his Labor Department is now goosing job growth figures to help him out.
On Friday just before the holiday weekend, Labor released its estimates for job growth in August – which it said worked out to 187,000, beating economists’ forecasts.
But at the same time, the government cut the job growth numbers for the previous two months by a total of 110,000.
As a matter of fact, Labor has quietly cut its initial job growth estimates for every month this year.
Based on its initial estimates, the economy should have created 2.2 million jobs in 2023. Now Commerce says that number is less than 1.9 million. In other words, it’s exaggerated job gains by more than 300,000 – or 19%.
“Every single month this year has seen its payroll numbers revised down. It’s difficult to stress how unusual this is as it’s so statistically unlikely. There is clearly something wrong with the estimations being done by President Joe Biden’s Department of Labor,” said EJ Antoni, an economist at the Heritage Foundation.
Earlier this year, we noted that Biden’s jobs record could be even more exaggerated because of the way the Labor Department fills in gaps in its survey data. We wrote that:
Jonathan Pingle, chief U.S. economist at UBS, told the Journal ‘that the level of nonfarm payroll employment at the end of 2022 was likely too high by several hundred thousand, and that the overstatement might have carried into 2023.’
The White House touted the August jobs news, with Biden declaring that “America is now in one of the strongest job-creating periods in our history — in the history of our country.”
He also bragged that “more than 700,000 people joined the labor force last month, which means the highest share of working-age Americans are in the workforce now than at any time in the past 20 years.”
He added, “People are coming off the sidelines, getting back to their workplaces.”
But that’s not what’s happening at all.