The Trump administration might be exaggerating their employment figures, Federal Reserve chair Jerome Powell warned Wednesday.
In a press conference, Powell said that staffers at the Fed think that the government could be overestimating the number of jobs created by 60,000 each month. With published figures stating that the U.S. has added an average of 40,000 jobs each month since April, the true numbers could be closer to a loss of 20,000 jobs a month.
“We think there’s an overstatement in these numbers,” Powell said at the conference, which followed a policy meeting at the central bank.
this post was submitted on 13 Dec 2025
25 points (96.3% liked)
United States | News & Politics
3531 readers
219 users here now
Welcome to !usa@midwest.social, where you can share and converse about the different things happening all over/about the United States.
If you’re interested in participating, please subscribe.
Rules
Be respectful and civil. No racism/bigotry/hateful speech.
No memes/pics of text
Post news related to the United States.
founded 3 years ago
MODERATORS