Every. Single. Time.

Yet again, continuing what has been the case since the reporting began under the Biden Administration, the Bureau of Labor's employment numbers are being yet again revised downwards after their initial happy result.

The New York Post: Initial US employment reports overstated by 439,000 jobs in 2023

This overstatement has occurred Every. Single. Time. the Bureau of Labor has released employment statistics under Biden.  The original happy pronouncements of job creation on the report, which Biden & Co is quick to take credit for, and which gets published widely, gets quietly walked back on a slow news day and revised downwards, by a significant amount.

That every single time the initial reports come out with a higher number than the corrected reality, with the correction published without any fanfare, and typically on a slow news Friday afternoon shows this is unlikely to be an honest mistake. 

In short, the Bureau of Labor's employment numbers under Biden have been politicized and are quite simply statistically unreliable. When all "mistakes" made in a series only go one way, that's a pretty sharp indication it;s not a mistake at all.

This is rather problematic as those politicized numbers are not just there give a false impression that things are going great, they are used to set policy, including by the Fed to adjust (and likely raise based on these false reports of rising employment) interest rates based on believing the economy is growing more than it actually is doing.