The Biden administration insisted throughout 2023 that the U.S. economy was booming. Month after month, it touted robust job growth, with glowing headlines claiming hundreds of thousands of new positions. But now the curtain has been pulled back — and what’s behind it is a stunning statistical mirage.
According to newly released Business Employment Dynamics (BED) data from the Bureau of Labor Statistics (BLS), the U.S. economy did not gain nearly 400,000 jobs between July and September 2023, as the Biden administration repeatedly claimed. Instead, the private sector shed 1,000 jobs during that period. That’s not a slowdown. That’s a total fabrication.
Worse still, this isn’t an isolated incident. The BLS’s annual benchmark revisions, which recalibrate job figures using more accurate and comprehensive datasets, revealed that 598,000 nonfarm payroll jobs were overstated from March 2023 to March 2024. That means the economy wasn’t growing as advertised — it was quietly deteriorating.
This repeated overstatement of job numbers during Biden’s presidency wasn’t just an honest mistake or random statistical noise. It became a pattern. Nearly every month, the BLS’s initial job growth figures were later revised downward — often significantly. While this isn’t entirely unheard of, the size and frequency of those downward revisions under Biden were anything but normal.
Why does this matter? Because Americans weren’t imagining the pain they felt. As inflation squeezed households, interest rates soared, and the cost of living skyrocketed, the administration kept insisting that the economy was strong — citing job growth numbers that now appear to have been grossly inflated. For the average voter, the reality of stagnant wages, record-high credit card debt (now above $1.2 trillion), and shrinking purchasing power told a much different story than the press briefings or CNN’s chirpy chyrons.
This isn’t just a matter of data correction — it’s a matter of credibility. The Biden administration repeatedly leveraged rosy job reports to build a narrative that the economy was recovering, even thriving. Those talking points were echoed by corporate media outlets who treated initial BLS estimates as gospel, while largely ignoring the substantial corrections that followed in silence.
And now, the true picture is emerging. When you add in the BED data for March–June 2023, which shows a net loss of 163,000 jobs compared to the reported gain of nearly 400,000, it becomes undeniable: the American people were sold a fantasy. The middle of 2023 wasn’t a period of job creation — it was a period of economic contraction.
It’s no wonder, then, that Americans overwhelmingly returned Donald Trump to office last November, handing him every swing state and the popular vote — a historic rebuke of the economic gaslighting they had endured. They didn’t buy the “Bidenomics” fairytale because they couldn’t afford to. Their wallets told the real story.
The revised data has now confirmed what most working families already knew: under Biden, the economy wasn’t roaring — it was sputtering. And the effort to paper over that truth with faulty statistics and media spin only deepened the public’s mistrust.
