Scott joined Senators Roger Marshall, Ted Budd, Marsha Blackburn and Markwayne Mullin in a letter to Department of Labor Acting Secretary Julie Su to demand answers after a recent report that the Biden-Harris administration falsely reported over 800,000 jobs added to the U.S. economy over the year. Senator Scott has been consistently calling out the lies of the Biden-Harris administration, sharing the real state of our economy with his quarterly economic snapshot and demanding answers on the administration’s misleading job reports. Given the numerous downward jobs revisions published by the Bureau of Labor Statistics (BLS) over the last two years, we are seeking information regarding the BLS’s methodology in estimating job numbers in addition to why the BLS has failed to accurately assess changes in labor participation. For example, in recent months, the American people have witnessed a monthly 97,000 downward revision for January 2024, a 300,000 total downward revision as part of the BLS’s annual 2023 benchmark review, and, most recently, an 818,000 total downward revision for jobs created in the 12-month period through March 2024. This revision to the 2024 benchmark review is 28 percent lower than the original BLS estimate of 2.9 million jobs created, the second worst revision in U.S. history, and one of many data points accentuating the harm that Bidenomics has brought to the American people.
These discrepancies, representing jobs that the Biden-Harris Administration claimed to have created, which simply do not exist, were reported as signs of economic dynamism and positive job creation. There were multiple instances over the last year in which news outlets reported that the job market was “strong,” “red-hot,” or “sizzling,” to name a few. News outlets took initial BLS data at face value, concluding that the job market was strong. Additionally, Chair Jerome Powell and the Federal Reserve have long claimed to be “data dependent” in their decisions to set monetary policy, and monthly jobs numbers undoubtedly factor into interest rate decisions. Yet, with such consistent downward revisions, BLS data and actual job market growth clearly failed to match up with the rosy estimates painted by the Biden-Harris Administration.
These misleading numbers create a false impression for the public and cast doubt on the validity of the Bureau’s accuracy and legitimacy. Had news reporters and outlets received the revised job numbers first each month, reporting and public perception of the job market may have changed. Given the woeful record of the Bureau over the last two years, it is time for the BLS to accurately assess labor participation at the outset and admit the fact that the number of full-time employed Americans decreased by 510,000 from July 2023 to July 2024. As we approach the presidential election in 70 days, the state of the economy is one of the major issues on Americans’ minds. There should be no confusion when it comes to evaluating the health of our economy. Regularly publishing rosy job estimates that do not represent reality is blatantly dishonest and misleads the American people, contributing to the fact that less than 25 percent of Americans trust their government to do what is right most of the time. The Biden-Harris Administration’s policies have crippled the American working class. Instead of honestly reporting the record, these preliminary job numbers represent the Administration’s desire to claim economic success when Americans are struggling to afford basic necessities. To that end, we demand that you provide answers in writing to the following questions: In November, the American people will have a choice to continue the failed policies of the Biden-Harris Administration or pursue a pro-worker agenda which will not need to be revised down to show how bad conditions have truly become. We request a response to this letter by September 9, 2024. It is imperative that the American people receive a fair and accurate accounting of the nation’s economic health.
