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Annual nonfarm payrolls report could be revised down by as many as 800,000 jobs

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2025-09-07 22:59:33
In an interview with NBC News, U.S. Treasury Secretary Vincent Besant asked that under former President Biden, the U.S. economy did add nearly 500,000 manufacturing jobs. Then, starting in April, manufacturing jobs began to decrease again. Does that pose a problem for your policies?
Bescent said he will get last year's revision report this week (between April last year and the end of March this year). And it may be revised down by as many as 800,000 jobs. This will be the second downward revision. So I'm not sure the people collecting the data are doing a good job. Second, what we're seeing is that the jobs being created are either going to native-born U.S. citizens or legal U.S. citizens, while most of the jobs created by the Biden administration are going to illegal immigrants. (Kim Ten)
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