The White House announced a massive reduction of nearly 1 million in job growth between April 2024 and March 2025, a time during which former President Joe Biden and his team lied to the American people about the strength of the economy.
In a statement on Tuesday from the White House, it said that, "The Bureau of Labor Statistics (BLS) just revised down their jobs numbers from April 2024 to March 2025 by 911,000 jobs — the biggest revision on record and another blunder in the lengthy history of inaccuracies and incompetence at BLS."
It added:
The benchmark revisions make clear the economy President Trump inherited was even weaker than we thought. Job growth was lackluster under Biden, with initial revisions from the last two years showing job growth was overstated by roughly 1.5 million workers — showing the Biden economy was propped up by illegal immigrants, poor data, government handouts, and a flood of Federal spending. In fact, despite opening the borders to millions of illegal aliens, the Biden economy still failed to add meaningfully more jobs than President Trump did in his first term.
President Trump is right to demand accountability and reform at BLS. The stark revisions underscore the urgent need for Congress to confirm E.J. Antoni, President Trump's nominee for BLS commissioner, and begin the major reforms needed to restore Americans' trust in the data after years of inaccuracy that has misled policymakers and eroded confidence.
President Trump is right about the Federal Reserve being TOO LATE. The revisions make clear that the Fed's monetary policy is far too restrictive and interest rates remain too high.
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During a White House briefing on Tuesday, White House Press Secretary Karoline Leavitt slammed the Biden administration for lying about the economy.
"And the Biden administration stood up here and vouched for that data and told you that data was real, and when President Trump calls into question the veracity of that data …he was ridiculed for that," Leavitt said.
"The president was right, and this is why we need new leadership at the Fed," she added. "This makes it very clear that President Trump inherited a much worse economy by the Biden administration than ever reported. It also proves that the Federal Reserve is holding our monetary policy far too restrictive. Rates are too high. The Fed needs to cut rates because of the mess we inherited from the Biden administration."
One Fox Business reporter noted that the Biden administration had previously claimed that Trump was taking over office with job creation at 147,000 a month, when in actuality, it was more like 71,000 per month.
"The 911,000 will be subtracted from the 1.76 million jobs [claimed by Biden], which comes out to 849K, showing the Biden job growth NOT as strong as first thought!," the Fox News reporter said.
And for critics in the media or Democrats who will try to blame Trump's tariffs on the weaker jobs numbers, CNBC puts the matter to bed — it's just not true.
Most of the time span for the report came before President Donald Trump took office, indicating the jobs picture was deteriorating before he began levying tariffs against U.S. trading partners.
"The BLS' preliminary benchmark revisions to nonfarm payrolls show a much weaker labor market over most of 2024 and early 2025 than previously estimated," said Oren Klachkin, market economist at Nationwide Financial. Importantly, the slower job creation implies income growth was also on a softer footing even prior to the recent rise in policy uncertainty and economic slowdown we've seen since the spring. This should give the Fed more impetus to restart its cutting cycle."
So, the next question we have to ask is: Will this finally be enough for the Fed Chair Jerome "Too Late" Powell to cut the rates now?
We will have to wait and see.
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