The grim news about jobs

THE GRIM NEWS ABOUT JOBS. The Bureau of Labor Statistics has revised the number of jobs it says were created in the year between April 2024 and March 2025. Until now, the official line was that the economy created 1.758 million jobs in that period. Now, the BLS says only 847,000 jobs were created, less than half what was originally thought. That is a stunning downward revision of 911,000 jobs. The new numbers upended much of what everyone, regardless of political party, thought about the economy. Democrats maintained that President Joe Biden handed off a strong economy to President Donald...