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How do 911,000 jobs suddenly disappear into thin air? Can someone explain that to me? Throughout 2024, I wrote extensively about how all of the reliable numbers showed that economic conditions in the United States were deteriorating. But those that were skeptical of what I was saying would point to the employment numbers that the government was giving us as evidence that everything was just fine. Of course I didn't have any faith in those numbers, and now we see exactly why I didn't have any faith in those numbers. They were fake the entire time. We were sold a lie based on numbers that were completely fraudulent.
On Tuesday, the fake bureaucrats at the BLS informed us that 911,000 "jobs" that they originally told us were "created" during the 12 months ending in March 2025 never existed at all…
U.S. employers added far fewer jobs in 2024 and early 2025 than previously thought, indicating the labor market may have been significantly weaker than initial estimates had suggested.
The U.S. economy added 911,000 fewer jobs over the 12 months ending in March than previously estimated, the U.S. Bureau of Labor Statistics (BLS) said on Tuesday. The figure, which exceeded economists' expectations, appears to be the largest revision ever recorded. The preliminary estimate will be finalized next year.
This is a major scandal.
Either way we are talking about incompetence on a grand scale, or this was being done on purpose.
Month after month during the Biden administration, the employment numbers looked good.
But it was all a lie.
As Zero Hedge has aptly pointed out, approximately 2 million jobs that were supposedly created during the final three years of the Biden administration "have now been revised away"…
2 million jobs from the last 3 years of the Biden admin have now been revised away. This despite the biggest debt issuance spree on record.