{"id":55931,"date":"2025-08-03T18:44:09","date_gmt":"2025-08-03T18:44:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/55931\/"},"modified":"2025-08-03T18:44:09","modified_gmt":"2025-08-03T18:44:09","slug":"if-you-thought-this-round-of-non-farm-payrolls-revisions-was-bad-wait-until-september","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/55931\/","title":{"rendered":"If you thought this round of non-farm payrolls revisions was bad, wait until September"},"content":{"rendered":"<p data-v-64ab016d=\"\">US President Donald Trump fired the head of the Bureau of Labor Statistics on Friday after getting jobs numbers he didn&#8217;t like. It&#8217;s an extremely concerning move for anyone hoping to trade based on reliable economic data. it&#8217;s also reminiscent of Argentina and various other despotic regimes and it&#8217;s never ended well.<\/p>\n<p data-v-64ab016d=\"\">At some point, it&#8217;s going to be awfully difficult to trust the numbers but we will have to wait and see now long it takes to restructure the organization.<\/p>\n<p data-v-64ab016d=\"\">The next non-farm payrolls report is September 5 and it will feature annual benchmark revisions for April 2024- March 2025. It&#8217;s a report that often comes with some big shifts in the employment picture and Goldman Sachs is out with a note saying it won&#8217;t be a pretty one.<\/p>\n<p>&#8220;The Bureau of Labor Statistics will publish a preliminary estimate of the benchmark revision to March 2025 non-farm payrolls on September 9th. We estimate a downward revision on the order of 550-950k (or a 45-80k downward revision to monthly payroll growth over April 2024-March 2025).&#8221; <\/p>\n<p data-v-64ab016d=\"\">Now most of that will fall in the Biden period but it&#8217;s likely to be further fuel in a movement that&#8217;s increasingly inclined to manipulate the numbers.<\/p>\n<p data-v-64ab016d=\"\">As for the real economy, the reason we&#8217;re likely to see downward revisions and continuing low jobs numbers is the crackdown on illegal immigration and the reversal of growth in the labor force.<\/p>\n","protected":false},"excerpt":{"rendered":"US President Donald Trump fired the head of the Bureau of Labor Statistics on Friday after getting jobs&hellip;\n","protected":false},"author":2,"featured_media":55932,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-55931","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/55931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=55931"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/55931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/55932"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=55931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=55931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=55931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}