The US Department of Labor headquarters in Washington, DC, US, on Monday, Aug. 11, 2025.
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The White House used revised jobs data released Tuesday as fodder to criticize three frequent targets of President Donald Trump: the Bureau of Labor Statistics, former President Joe Biden and Federal Reserve Chair Jerome Powell.
“Today, the BLS released the largest downward revision on record proving that President Trump was right: Biden’s economy was a disaster and the BLS is broken,” White House Press Secretary Karoline Leavitt mentioned in an announcement.
“This is exactly why we need new leadership to restore trust and confidence in the BLS’s data on behalf of the financial markets, businesses, policymakers, and families that rely on this data to make major decisions,” she mentioned.
“Much like the BLS has failed the American people, so has Jerome ‘Too Late’ Powell – who has officially run out of excuses and must cut the rates now.”
The Labor Department report showed that the U.S. financial system created fewer jobs than had been initially reported within the 12 months that started in March 2024.
Annual revisions to nonfarm payrolls data for the 12 months confirmed a discount of 911,000 from preliminary estimates, in keeping with the preliminary report from the Bureau of Labor Statistics.
The BLS has been the goal of a coordinated marketing campaign to undermine religion its data, orchestrated by the White House.
Trump abruptly fired Bureau of Labor Statistics commissioner Erika McEntarfer in August, simply hours after BLS launched preliminary employment data for July that included two months’ of downward revisions to job progress data from earlier within the 12 months.
Trump argued that these revisions — that are widespread in jobs experiences — confirmed that the BLS was manipulating employment data for political functions. His firing of McEntarfer drew sharp rebuke from economists and a few lawmakers.
Powell was nominated by Trump in 2017 to function chair of the central financial institution.
But ever for the reason that begin of Trump’s second time period, the chairman has turn out to be a frequent target of the White House, because the president’s frustration has grown over Powell’s refusal to decrease rates of interest.
In August, nonetheless, Powell mentioned that uncertainty within the U.S. financial system may warrant interest rate cuts later this month.