After a first attack on Friday, followed by the immediate and brutal dismissal of Erika McENTARFERDE, the head of the statistics office, Donald Trump judges again on Monday that “the figures of the employment report last week were faked, as was the figures before the presidential election” …
A reality or a fanciful interpretation of the American president?
The downward revision of employment figures for May and June is around 260,000. But if we look a few months back, and during the mandate of Joe Biden, very strong revision let us also intervened.
In January 2024, for example, the initial figure was 353,000 and it was revised at … 119,000. Then the following month, initial figure at 275,000, revised at 222,000. Or a total revision of 287,000 jobs over two months … and therefore a larger revision than that that Donald Trump has denounced since Friday.
And we can even go further in the observation that the BLS revisions are common currencies: between January and September 2024 (therefore under the mandate of Joe Biden), all the employment figures published initially, were then revised downwards … ie a period of 9 consecutive months of lower revision, and under a democratic president.