Jobs: Firing the Head of the BLS Resulted in Positive Revisions for the First Time in 2025 

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on. 

Current Trends 

The jobs report showed a very small increase of 22k jobs. This month actually saw a big deviation in the Household Survey to the upside which is quite rare. The Household Survey had 288k jobs. In almost all months (except in January), the Household Survey is constantly underperforming the headline number. 

Figure: 1 Primary Report vs Household Survey – Monthly