White House Bombshell: ‘Biden Economy a Disaster,’ Calls BLS ‘Broken’ and Powell ‘Too Late’

Charlotte Bennett
4 Min Read
President Donald Trump has repeatedly criticized the Bureau of Labor Statistics and Fed Chair Jerome Powell, framing the revised jobs data as evidence of economic mismanagement under the Biden administration.

The White House is using the latest revised jobs data released Tuesday to launch a sharp critique of Joe Biden, Jerome Powell, and the Bureau of Labor Statistics itself. The newly revised numbers for March 2024 through March 2025 show a much weaker job market than previously reported.

According to the Labor Department, annual revisions to nonfarm payrolls data revealed 911,000 fewer jobs than first estimated. While revisions are a normal part of the BLS’s process, the size of this adjustment is one of the largest in recent years.

White House Press Secretary Karoline Leavitt did not hold back. She said the downward revision proves that Biden’s economic record is a disaster and that the BLS cannot be trusted. She added that new leadership is needed to restore confidence for markets, businesses, policymakers, and families who rely on accurate employment data.

Leavitt also criticized Powell, claiming that the Federal Reserve chair has run out of excuses and needs to cut interest rates immediately. The White House has repeatedly expressed frustration over the Fed’s cautious approach to rate adjustments despite signs of slowing growth.

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The BLS has long been a frequent target of Trump’s circle. In August, the president fired Erika McEntarfer just hours after the agency released preliminary employment data for July. Those reports included downward revisions for earlier months, which are a routine part of the BLS’s work.

Trump claimed the revisions suggested political manipulation of employment data. Economists and some lawmakers pushed back, saying that such adjustments are normal and that McEntarfer’s firing risked undermining public trust in official labor statistics.

Powell has faced a different kind of scrutiny. He was nominated by Trump in 2017 and became a frequent target during Trump’s second term. The president was frustrated with the Fed’s reluctance to lower interest rates even as economic growth slowed. In August, Powell indicated that uncertainty in the economy may warrant interest rate cuts, but this did not satisfy critics.

Economists note that annual revisions are intended to improve the accuracy of employment figures. The BLS uses new payroll surveys, tax records, and other data to refine its estimates. Revisions can go up or down, but this year’s drop is unusually large.

Employment data has always had political weight, but these revisions highlight how closely it is tied to the current administration’s narrative. The White House is framing the numbers as proof of systemic failure, while experts caution against judging the economy based on a single year of data.

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For ordinary Americans, the revisions may not have immediate effects. However, businesses and policymakers rely on these numbers to make decisions. When confidence in the data falls, it can affect financial markets and the economy more broadly.

The latest jobs report shows that the economy’s performance is under intense scrutiny. Between political criticism, data revisions, and debates over interest rates, this report is more than just a measure of employment. It has become a flashpoint in the larger conversation about the direction of the U.S. economy, according to cnbc.

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