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STEVE MOORE: The 'gold standard' of jobs data is broken — and America is paying the price

5 16
11.09.2025

'The Big Money Show' panel discusses the massive downward revision in U.S. jobs data.

On Tuesday, the Bureau of Labor Statistics (BLS) published a revision of its latest job numbers, a report that shows just how far off its estimates of overall employment were from reality.

The latest data just confirms what many already suspected—that the situation is worse than we thought. There’s something incredibly wrong at BLS, and for the sake of our economy, it’s time to fix it.

From March 2024 to March 2025—a period mostly covering the final year of the Biden administration — BLS overestimated job numbers by 911,000. In other words, for that period, the nation added a stunning 911,000 fewer jobs than were originally reported, the largest such error on record.

Let that sink in.





US JOB GROWTH THROUGH MARCH REVISED LOWER BY 911K

A 'Kudlow' panel of Steve Moore and Art Laffer discuss concerns with the Bureau of Labor Statistics, President Donald Trump's pick to serve on the Fed board as well as his criticism of Paul Krugman.

But it's a lot worse than that. Over the last three years, the BLS has........

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