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Friday, November 15, 2024

Senator Rick Scott questions Biden-Harris administration on job growth data revisions

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Senator Rick Scott | Senator Rick Scott Official Photo

Senator Rick Scott | Senator Rick Scott Official Photo

Senator Rick Scott has sent a letter to Erika L. McEntarfer, Commissioner of the Bureau of Labor Statistics (BLS), demanding explanations for what he describes as "failed economic policies" by the Biden-Harris administration. According to Senator Scott, these policies have led to repeated downward revisions in job growth reporting.

In his letter, Senator Scott highlighted significant data revisions by the BLS that indicate 810,000 fewer jobs than initially reported by the administration. He emphasized that this pattern of inflated job numbers, which are later quietly revised, points to a downturn in the U.S. economy under the current administration.

"I write to you today regarding serious concerns about the employment data your agency publishes on behalf of the American people," stated Senator Scott. "As you know, the U.S. Bureau of Labor Statistics (BLS) recently released significant data revisions for nonfarm payroll jobs created between April 2023 and March 2024, revising its figures downward by an astonishing 810,000 fewer jobs."

Senator Scott further noted that job gains have been revised downward for five out of six months in 2024, resulting in 340,000 fewer jobs than initially reported. Similarly, job gains were revised downward for 11 out of 12 months in 2023 by an average of 30,000 fewer jobs per month, totaling 360,000 fewer jobs than initially reported last year.

"These substantial and continual reporting errors certainly do not inspire confidence," added Senator Scott.

Since his election to the U.S. Senate, Senator Scott has consistently called for action to address America's debt crisis and combat inflation's harmful effects.

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