Episode 208: Its official, BLS cooking the jobs numbers!

This episode looks at the stunning revisions this week in reported employment numbers from the Bureau of Labor Statistics (BLS). This was the largest downward revision in 15 years! And one of the largest downward revisions in history at over 800,000 jobs! This report confirms what some have been suspecting for the last 18 months, that BLS has been manipulating the employment data to make the labor force appear stronger than it actual is. Several recent articles are reviewed from Bloomberg, The Wall Street Journal, and CNBC. Links to all three are included below.

Link: Fed Confronts Up to a Million US Jobs Vanishing in Revision - Bloomberg

Link: Jobs Report Revision: U.S. Job Growth Weaker Than Initially Reported, Data Show - WSJ

Link: Nonfarm payroll growth revised down by 818,000, Labor Department says (cnbc.com)