The one positive economic achievements under Joe Biden was decent job growth coming out of the pandemic. But as we’ve pointed out over the last four years, private job creation was routinely revised downward.  This suggests the errors weren’t random.

Sure enough, the Department of Labor’s new annual benchmark revision for the nonfarm payroll figure for last year was yet again revised DOWNWARD by another 600,000 jobs for the period from March 2023 to March 2024.

More accurate quarterly data now point to no jobs being added during the third quarter of 2024, a time when the Biden administration claimed to have created 400,000 jobs. That’s on top of the second quarter, when job growth was also estimated at 400,000 but the quarterly data show net private job losses.

As our Unleash Prosperity economist E.J. Antoni noted in his recent Townhall article, “Instead of adding almost 800,000 jobs during the middle of last year, the economy likely shed more than 160,000 of them.”

Unemployment was kept low because of the low number of Americans looking for work and because the government hires so many people.