Bye, Bye Biden’s Jobs Boom

The Bureau of Labor Statistics (BLS) this week performed its annual ritual of self-correction and admitted that the U.S. economy added 911,000 fewer jobs in the twelve months through March 2025 than it had previously reported. It was the largest downward revision on record.

Instead of creating 1.8 million jobs in that span, the economy managed only about 850,000. Instead of average monthly payroll gains of 147,000, the real figure was about 70,000 .

This follows last year’s revision, which wiped away nearly 600,000 jobs from the tally for the year ended March 2024. Two years in a row, the government’s most closely watched jobs series painted a rosier picture than reality. Two years in a row, the cheerleaders of Bidenomics assured us that any discontent

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