New data released by the Bureau of Labor Statistics (BLS) has significantly revised previous job growth claims made under the Biden-Harris administration, showing that job creation numbers touted in 2023 were considerably overstated.
According to the BLS’s Business Employment Dynamics (BED) report for the third quarter of 2023, the U.S. economy saw a net decline of 1,000 private-sector jobs—contradicting earlier monthly reports that estimated an increase of nearly 400,000 jobs during the same period.
Between July and September 2023, the Biden-Harris administration reported through BLS monthly job estimates that the U.S. economy added 399,000 nonfarm payroll jobs.
However, the BED data, which is derived from a much larger sample of over 12 million businesses, shows there was no such increase.
New data released by the Bureau of Labor Statistics (BLS) has significantly revised previous job growth claims made under the Biden-Harris administration, showing that job creation numbers touted in 2023 were considerably overstated.
