We’ve highlighted many times the overestimate of job creation under Biden by the Bureau of Labor Statistics. Here we go again. The Philly Fed has estimated that job growth in Q2 of this year was actually negative and all job growth for those three months will be revised away in the annual benchmarking process for 2025. This is in addition to a downward revision of about 800,000 jobs from the previous annual benchmark, which will be incorporated into the nonfarm payroll data with January’s report early next year.

Sorry, Joe. You’re not handing off a healthy economy to Trump.