The Biden admin just revised the last two months of job reports downward by a whopping 111,000 jobs. So when I tell you that the jobs report for June beat expectations at 206,000, you’ll need to wait until next month to get the real number.

According to CNBC, the jobs report in May was revised down from 272,000 to 218,000. That’s a drop of 54,000 jobs.

The jobs report in April was revised down from 165,000 to 108,000, a drop of 57,000.

If June follows the same trend, the real number of jobs will be somewhere in the neighborhood of 156,000.

CNBC reports that the unemployment rate ‘unexpectedly’ rose to 4.1%:

The unemployment rate unexpectedly climbed to 4.1%, tied for the highest level since October 2021 and providing a conflicting sign for Federal Reserve officials weighing their next move on monetary policy. The forecast had been for the jobless rate to hold steady at 4%.

Well yeah! When you drop 111k jobs from the last two months, I would think it would absolutely go up. And now it’s at the highest point since late 2021. That’s Bidenomics for you.