Bessent: The annual nonfarm employment report may be revised down by as many as 800,000 jobs

Jinse Finance reported that U.S. Treasury Secretary Bensent, in an interview with NBC News, was asked by a reporter: During former President Biden's term, the U.S. economy did indeed add nearly 500,000 manufacturing jobs. However, starting from April, manufacturing jobs have begun to decline again. Will this pose a problem for your policies? Bensent responded that this week they will receive the revised report for last year (from April last year to the end of March this year). It is possible that up to 800,000 jobs will be revised downward. This will be the second downward revision. So, he is not sure if the people collecting the data did a good job. Secondly, what they are seeing is that the jobs being created are either going to native-born American citizens or to legal American citizens, while most of the jobs created by the Biden administration have gone to illegal immigrants. (Golden Ten Data)