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BLS: The non-farm annual employment report may be revised down by up to 800,000 jobs.
[Bessent: The Non-Farm Payroll Annual Employment Report May Be Revised Down by Up to 800,000 Jobs] U.S. Treasury Secretary Bessent, in an interview with NBC News, was asked by the reporter that during former President Biden's term, the U.S. economy indeed added nearly 500,000 manufacturing jobs. However, starting in April, manufacturing jobs began to decrease again. Will this pose a problem for your policies? Bessenet stated that this week they will receive the revised report for last year (from April last year to the end of March this year). Moreover, it may revise down by as much as 800,000 jobs. This will be the second downward revision. So I'm not sure if the data collectors did a good job. Secondly, what we see is that the jobs being created are either going to native-born American citizens or to legal American citizens, while most of the jobs created by the Biden administration are going to illegal immigrants. ( Jin Shi )