But the BED data—which comes from a far bigger sample of more than 12 million companies—showcases no such rise.
Actually, during the third quarter the private sector had a small net loss.
Now that Biden is out of office, the real data is coming out about 2024. As we long suspected, the economic data released by Biden’s team was mostly fake.
Instead of adding almost 800,000 jobs during the middle of last year, the economy likely shed more than 160,000 of them. https://t.co/AOk5zA58HH
— Wall Street Mav (@WallStreetMav) May 12, 2025
Although the difference between monthly job reports and the quarterly BED data is not new, the scope of adjustment still begs problems.
Although the monthly employment figures are based on a rotating sample of around 600,000 companies—of which less than 200,000 are surveyed each month—the BED data is more complete.
Gathered from real unemployment insurance filings sent in by companies.
