What’s Behind the Jarring Jobs Revisions?

Join Jim and Greg for the Wednesday 3 Martini Lunch as they tackle a pivotal Senate race twist, Israel striking Hamas leaders in Qatar, Russia violating NATO airspace, and the brutal downward revision of U.S. job growth.

First, after noting that the Democrats may end up with a fierce U.S. primary in Maine, Jim and Greg break down the Israeli bombing of Hamas targets in Doha, Qatar. Several of the highest-ranking figures survived but it sends a clear message to Hamas. Of course, the usual domestic and international voices are condemning Israel's actions.

Next, they react to at least 19 Russian drones entering Polish airspace. Three of them were shot down, possibly more. This is another example of Putin crossing boundaries to see what the response will be. Jim offers some advice to the U.S. government on a message that he wants to be very loud and very clear.

Finally, they shudder as the Bureau of Labor Statistics (BLS) revised job growth from April 2024 to March 2025 downward by more than 900,000 jobs. The BLS revised the numbers down by more than 800,000 the year before that. Greg wonders whether the monthly jobs reports still provide much value if they are regularly way off base. Jim offers some practical and comical reasons for why the monthly reports need to stay.