Lori Chavez-DeRemer to Newsmax: American People Deserve Accurate Job Numbers

[TCC]

https://www.newsmax.com/newsmax-tv/lori-chavez-deremer-dol-job-numbers/2025/09/10/id/1225883/

U.S. Secretary of Labor Lori Chavez-DeRemer told Newsmax on Wednesday an investigation has begun after the department's Bureau of Labor Statistics found 911,000 fewer jobs were added than previously estimated from March 2024 to March 2025.

Economists had estimated that the Labor Department's Bureau of Labor Statistics could revise the level of employment from April 2024 through March 2025 down by between 400,000 and 1 million jobs. The level of employment for the 12 months through March 2024 was downgraded by 598,000 jobs.

The Department of Labor's Inspector General's office will be opening an investigation, Chavez-DeRemer said on "Newsline."

. . . . .

I believe the FED has 2 mandates:

• Keep inflation down
• Keep America employed

It would seem they failed at both of these. Since 1913 it would seem some 3000% inflation. And it would seem under the FED that job numbers should not reflect what it looks like when government bloating fed jobs (like the Mafia shake down to get paychecks to do nothing) deceive a nation about how many jobs are being created that year.

 

[Margery]

BLS needs a complete overhaul because business investment depends on accurate data. This affects how the USA is seen as an area to invest in.

I was listening recently to a business (right wing) broadcast talking about the problems and one of the things that is plaguing the BLS is these revisions- more and more businesses that report to BLS (take the temperature of the country so to speak) and hand in their forms (more paperwork) are delaying handing them in or ignoring them altogether.

Some business don't want to telegraph their troubles to their competition so they publishes fake "help wanted" ads in industry publications- skewing THAT data. They find reasons not to fill the positions, but it shows up in the employment data.

The delays in initial estimates, followed by months, then the revisions that show more accurate data are the problem. Inaccurate initial estimates don't paint a true picture, and then you have the inevitable disappointment when the reality shows up, months late.

What that broadcast was saying was that Joe Biden's part of the economy this last year wasn't as rosy as the left tries to paint it. The economy was turning down - jobs were going DOWNHILL on his watch so the media putting all the job losses on Trump (expected job gains vs reality and actual losses) are highly suspect.

BUT without accurate data nobody can make accurate business forecasts.