The Bureau of Labor Statistics is out with more bad news about the economy — it turns out that the labor market was weakening even before President Donald Trump put the latest round of tariffs in place.
A new revision for the jobs numbers between April 2024 and March 2025, which includes much of former President Joe Biden's last year and the first two months of President Donald Trump's first year, shows 911,000 fewer jobs than initially estimated.
"-911,000 fewer jobs were created between April ’24 and March ’25, the BLS says," economist Heather Long posted to X. "Wow, that’s a big revision. That means the labor market was weak even before the tariffs kicked in. The job market was mostly frozen in 2024, too. Average job gains before revision =147,000 per month **Average job gains AFTER revision = 71,000/month**"
CNN reported that the revision was the biggest ever made.
Trump has recently asserted that downward job revisions are the result of malicious attempts to discredit him, but Long noted, "This annual revision process is normal. The BLS does it every year. Last August, the BLS reported -818,000 fewer jobs. Yes, these are large (negative) revisions. Why? It’s mainly due to problems accounting for new/closed businesses since the pandemic."
"BLS preliminary benchmark revision comes in way worse than expectations at -911k jobs," wrote Matt Cooper of the financial analysis firm Hedgeye. "That's -229k below consensus -682k and exceeds last year's -818k revision. Two years, 1.7 million phantom jobs erased. The labor market has been far weaker than anyone realized."
Some of the recent bad jobs numbers from BLS led to Trump taking the extraordinary and controversial step of firing the agency's director — and some commenters fear this news, even though a majority of the data comes from before he was even president, could lead to him further politicizing the government's statistics-gathering.
"He's going to nuke all of BLS isn't he," wrote Tahra Hoops, director of economic analysis for the Chamber of Progress.