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President Trump recently addressed concerns about job numbers after the Bureau of Labor Statistics released disappointing employment data. The July report showed continued weak job growth under the new administration.
The government had to make big changes to earlier job numbers from May and June. May jobs were cut from 144,000 new jobs down to just 19,000. June numbers dropped from 147,000 down to only 14,000 new jobs.
These corrections mean 258,000 fewer jobs were actually created than first reported. That’s a huge difference that affects how Americans see the economy. Working families deserve honest numbers about job creation.
Trump’s administration has added 486,000 jobs so far in his second term. But that’s much slower than the 954,000 jobs added during the same time last year. The growth rate dropped from 0.6 percent to just 0.3 percent.
White House economic adviser Stephen Miran blamed the revisions on seasonal adjustments and uncertainty about taxes and trade policy. He said about 60 percent of the changes came from technical issues with how the government counts jobs.
The unemployment rate stayed at 4.1 percent in the latest report. It has stayed between 4.0 and 4.2 percent for over a year now. But job creation remains sluggish compared to previous periods.
These job revisions happen regularly as part of government data collection. The Bureau of Labor Statistics surveys about 121,000 employers each month to track employment. Sometimes the early numbers need fixing when more complete data comes in.
Americans need strong job growth to support their families and communities. The current pace falls short of what hardworking people expect from their government. Better policies could help create more opportunities for everyone.
