Image Source: Pixabay
 

Witness negative revisions 77 percent of the time, with more coming.
 

BLS Nonfarm Payroll Revisions
 

Job Revision Notes

• The chart measures the difference between the initial report and the most recent revision.
• Since January 2023, jobs revisions were negative 24 out of 31 times, 77 percent of the time.
• There is no revision to August 2025 data. The July 2025 positive revision is suspect.
• For 2025, revisions total -482,000. That’s an average negative revision of ~69,000 per month including the positive 6,000 revision in July.

BLS Nonfarm Payroll Changes as Released and Revised
 

Nonfarm payroll growth was only 22,000 in August.

Any significant negative revision would turn August job growth negative.

June job growth is -13,000. May could easily turn negative as well.

QCEW Report Shows Overstatement of Jobs

On June 16, I commented QCEW Report Shows Overstatement of Jobs by the BLS is Increasing

The discrepancy between QCEW and the BLS jobs report is rising.

We will have a QCEW update next week to review. It will be for the first quarter of 2025.

Related Posts

September 4, 2025: Year-Over-Year Small Business Employment Growth Barely Above Zero

ADP reports the total YOY small business growth as +19,000.

The Unemployment Level Is Now Greater than Job Openings

On September 3, I noted The Unemployment Level Is Now Greater than Job Openings

For the first time since the pandemic unemployment is above openings.

The nonfarm payroll response rate is 42.6 percent with the same issues as with JOLTS

September 5, 2025: Jobs Report Misery: Only 22,000 Gain in August, June Revised to -13,000

August was a bad month for job seekers. Here are the grim details.

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