The U.S. economy added 818,000 fewer jobs from March 2023 to March 2024 than initially reported, according to the BLS revision. That's 30% less than the 2.9 million reported.
My hunch is, they’re prioritizing collection/analysis/reporting of new hiring information, while firing data gets backburnered. So it’s not until the audit way down the line that they go “oopsies, we over reported by 30%.”
Everyone did intentional overreporting of the numbers in the past, but this only became a real problem with the Biden admin, because they are going too crazy with it. If they overshot by like 250k, this wouldn't get any real headlines, it would just be a quiet correction.