White House Condemns Jobs Data Revision, Calls Biden Economy a ‘Disaster’
The White House responded sharply to the Bureau of Labor Statistics’ (BLS) release of revised employment figures on Tuesday, using the data to criticize the Biden administration’s economic performance and the credibility of the BLS itself. The annual revision showed the U.S. economy created 911,000 fewer jobs since March 2024 than initially reported, marking the largest downward adjustment on record.
White House Press Secretary Karoline Leavitt stated, “Today, the BLS released the largest downward revision on record proving that President Trump was right: Biden’s economy was a disaster and the BLS is broken.” She further called for new leadership to restore trust in the BLS, emphasizing the importance of reliable data for financial markets, businesses, policymakers, and families.
Political Context and Data Integrity Concerns
The BLS has been under intense scrutiny, with critics accusing it of political bias. Former President Donald Trump fired BLS Commissioner Erika McEntarfer in August 2025 shortly after the agency published employment data that included downward revisions, which Trump claimed were politically motivated manipulations. This move was met with criticism from economists and lawmakers concerned about the independence and integrity of labor data.
Federal Reserve Chair Jerome Powell Also Criticized
In addition to targeting the BLS and the Biden economy, the White House criticized Federal Reserve Chair Jerome Powell, nicknaming him “Too Late” for what it described as delayed interest rate cuts. Powell, nominated by Trump in 2017, has faced increasing pressure as economic uncertainty grows. In August, Powell acknowledged that conditions might soon warrant rate reductions, but the White House insists action is overdue.
Implications for Economic Policy and Markets
The revised employment data suggest a weaker labor market than previously understood, which could influence Federal Reserve policy decisions and market expectations. However, annual revisions to payroll data are routine and reflect updated information rather than political manipulation. The ongoing political disputes around these figures underscore broader tensions about economic management and data transparency.
FinOracleAI — Market View
The revision of U.S. jobs data downward by nearly a million positions signals a softer labor market than initially reported, potentially increasing market anxiety about economic growth prospects. The White House’s politicized response may heighten uncertainty, but the routine nature of BLS revisions should temper overreactions. Investors will closely watch upcoming Federal Reserve decisions for signs of interest rate adjustments in response to these data.
Impact: Negative
