How Flawed Jobs Data Influences Fed Rate Policy

The “Gold Standard” of Jobs Data Is Broken—and America Is Paying the Price

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 f…

How Flawed Jobs Data Influences Fed Rate Policy

Accurate information on the jobs market and inflation is critical for U.S. policymakers; it’s the Bureau of Labor Statistics’ (BLS) core mission. In recent years, the bureau has faced scrutiny over claims that its jobs data may be unreliable and biased. That pressure intensified on Sept. 9 when the BLS issued its largest-ever revision, retroactively lowering jobs growth by 911,000 for the 12 months ending in March 2025. The Trump administration …