https://www.foxbusiness.com/politics/jobs-report-revision-flips-trump-era-gain-loss-its-fueling-bad-pollThursday’s jobs report added to mounting evidence that the U.S. labor market is losing steam.
The September report, compiled by the Bureau of Labor Statistics (BLS), found that employment in July and August was overstated by 33,000.
Job creation in July was revised down by 7,000 from a gain of 79,000 to 72,000 and job gains in August were lowered by 26,000 from a gain of 22,000 to a loss of 4,000.
Originally slated for release on Oct. 3, the September jobs report was postponed amid the nation’s longest government shutdown, which temporarily furloughed BLS staff.
According to the report, federal employment has declined by 97,000 since its January peak. The BLS clarified that workers on paid leave or receiving severance remain classified as employed in its establishment survey.
The weaker jobs picture is mirrored in how Americans see the economy.
According to a fresh Fox News national survey, 76% of voters rate the economy negatively, compared with 67% in July and 70% at the close of former President Joe Biden’s tenure.
Voters largely blame President Donald Trump for the downturn, with about twice as many holding him responsible for the current economy as former President Joe Biden, and three times as many saying his policies have hurt them personally.
