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“Biggest Downward Revision In History”: Nearly 1.5 MILLION Biden Jobs Were Fake!
Was EVERYTHING about the Biden Regime fake?
It’s beginning to look like it.
Of course, we’ve known that for a long time and we’ve reported on it over and over and over again here on the WLT Report.
But now here’s the latest…
And stick with me because I know economics and things like Jobs Report numbers can sometimes be boring, but I promise you this will be anything but boring.
So here’s how our financial system works, we get reports on Unemployment and Jobs data each month.
Those numbers seem to often just be almost entirely made up, which is why President Trump recently fired the person in charge of them.
I say that because they always end up getting “revised” later on, and that’s what just happened today.
Here’s how the game works…
When someone like a Joe Biden needs good Jobs Report numbers because he’s running for re-election, they just report good numbers! Seemingly just pick whatever numbers you want!
Then later in the future the “Revisions” come out giving us the full data.
Why it takes so long to get the true numbers in today’s world is completely beyond me.
Actually, I take it back. I know EXACTLY why. Because that system works for them! It’s exactly what they want.
They want — no, check that….they NEED — a system where they can just report whatever serves them best in the moment, and then 6 months or a year in the future when the “Revisions” come out people have forgotten and it doesn’t really matter anymore.
Except on a day like today where the number was so big and so bad that it’s now being reported as the single biggest downward revision in history. EVER!
Take a look:
U.S. PAYROLLS REVISED DOWN BY 911K
IT WAS THE LARGEST DROP EVER
RATE CUTS ARE COMING! pic.twitter.com/5wB2Fy9eUL
— CryptoGoos (@crypto_goos) September 9, 2025
Worst Revision In History: BLS Admits A Record 911K Fewer Jobs Were Added https://t.co/fV72WIoNid
— zerohedge (@zerohedge) September 9, 2025
This really cracked me up:
“It says -911,000” pic.twitter.com/8oruqPisqv
— zerohedge (@zerohedge) September 9, 2025
To be completely clear, these are not Trump’s numbers, these are the final Biden numbers and it shows not only was everything about his Regime completely fake but it was even worse than we were told.
We got a tip this was coming last week when Treasury Secretary went on CNBC and told Kristin Welker that the revised BLS data would show a massive downward revision.
Turns out he was exactly right, and even undershot it a little.
Watch here:
.@kwelkernbc pushed back last week when I warned that the BLS jobs data would show a massive downward revision.
Now it’s official: 2024 job gains were exaggerated by nearly 1M workers, and this is on top of an already reported 577K in downward revisions. This brings the Biden… pic.twitter.com/Aaz0LirOxg
— Treasury Secretary Scott Bessent (@SecScottBessent) September 9, 2025
ZeroHedge notes that this now brings the total Fake jobs reported by the Biden Regime to over 1.5 million:
What is more remarkable about today’s print is that after last year’s stunning 818K negative revision, which was the second biggest since the global financial crisis (and which we also warned ahead of time was coming), virtually nobody expected this year’s number to be higher. It was not only higher, but it was the biggest negative revision on record!
Taken at face value, the preliminary estimate suggests that payroll growth averaged 71k jobs/month between April 2024 and March 2025, vs. 147k jobs/month as currently reported in the payrolls statistics.
No wonder the WSJ now reports that “White House Prepares Report Critical of Statistics Agency” in what is a clear effort at kitchen-sinking all the ugly, fake jobs numbers that were “created” by the Biden admin, and saddled Trump with relentless negative revisions. Expect 1-2 more months of painful job prints, and then another powerful rally higher into the 2026 midterms under a new BLS commissioner as all of Biden’s fake baggage is expunged.
Commenting on the “data” revision, Treasury Secretary Bessent confirms what we said, namely that today’s revision “brings the Biden jobs overstatement to a staggering 1.5M. The truth: President Trump inherited a far worse economy than reported, and he’s right to say the Fed is choking off growth with high rates.”