No.
The federal government revises job numbers yearly as extra data turns into accessible.
Former President Donald Trump falsely acknowledged in Milwaukee that the Biden administration “fraudulently claimed” to have created 818,000 jobs.
The U.S. Bureau of Labor Statistics introduced Aug. 21, 2024, “in accordance with traditional follow,” its estimate of the annual “benchmark revision” of jobs numbers. The revision will happen in February 2025.
The estimate mentioned the variety of jobs added within the 12 months ending March 31, 2024, was 818,000 fewer than had been beforehand proven in month-to-month reviews.
Month-to-month figures come from employer surveys; the annual revision comes from unemployment information.
“Economists throughout the ideological spectrum” mentioned the revision was not manipulation, PolitiFact reported.
The revision of 0.5% was increased than the 0.1% common and the best since 2009.
Below Trump, there was a 0.3% downward adjustment of 514,000 jobs for the 12 months ending March 31, 2019.
This truth transient is conscious of conversations similar to this one.
Sources
Forbes Breaking Information: Trump Unleashes Assaults On Kamala Harris At Marketing campaign Rally In Milwaukee, Wisconsin
U.S. Bureau of Labor Statistics: CES Preliminary Benchmark Announcement
Financial Coverage Innovation Heart: Why Did the Bureau of Labor Statistics Simply Reduce Its Employment Estimates by 818,000 Jobs? – EPIC for America
PolitiFact: Donald Trump’s Pants on Fireplace declare that Biden, Harris manipulated job information
Convention Board: Payroll Revisions May Reduce 800,000 from Jobs Positive factors, or Not
U.S. Bureau of Labor Statistics: BLS Institution Survey Nationwide Estimates Revised to Incorporate March 2019 Benchmarks
Politico: US job totals will doubtless be revised down by 818,000 as Trump cries fraud – POLITICO
SanTander Company Funding & Banking: A primer on the benchmark payroll revision
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