Biden Administration's Employment Data Fraud Exposed: The Truth of the U.S. Labor Market Emerges

As early as August, it was predicted that Biden's Bureau of Labor Statistics would significantly revise the employment data for April 2023 to March 2024, lowering it by as much as 1 million. At the time, this prediction was shocking, indicating that the employment report data from the past year was erroneous and that the labor market was actually worse than the government claimed.

Now, the final results are in, with a downward revision of 818,000, just as was expected in March, suggesting that the Biden administration's reported job growth figures were inflated by "at least 800,000." Over the 12 months ending March 31, approximately 68,000 jobs were revised down each month, and the deterioration of the job market has become a "scapegoat" for the Federal Reserve's interest rate cuts.

The Biden administration has been lying about employment data, and the collapse of the labor market was concealed until the annual revision exposed it, continuing into the second quarter. The Philadelphia Fed stated on December 12 that the employment changes in 27 states from March to June 2024 were "significantly different" from the Bureau of Labor Statistics' preliminary estimates, with 25 states seeing a decrease in employment, 2 states seeing an increase, and 23 states and the District of Columbia showing little change. The likelihood of such a distribution occurring naturally is nearly zero, which is why the Bureau of Labor Statistics has been adjusting data downward each month, raising concerns, with the aim of creating a strong labor market illusion before revising.

After the first downward revision, the adjustment continued into the second quarter. Early benchmark estimates from the Philadelphia Fed indicate that employment in all 50 states and the District of Columbia actually decreased by 0.1%, rather than the Bureau of Labor Statistics' initial estimate of a 1.1% increase. Among the states, California's employment numbers are expected to be revised down by 172,700, and Texas by 112,100, with the Bureau of Labor Statistics' forecast for the third quarter also indicating further job losses.

Although the details of the revision will not be published until February 7, 2025, it is certain that the jobs "created" in the second quarter were fictitious, and the United States actually lost jobs in that period. Zero Hedge bluntly stated that the Biden administration lied again to create the illusion of economic growth, and the true plight of the U.S. labor market is gradually being unveiled.