REVISE JOB NUMBERS
BREAKING: US job numbers were revised down by -1,029,000 jobs in 2025, the largest annual revision in at least 20 years.
This follows downward revisions of -818,000 in 2024 and -306,000 in 2023.
In total, -2,153,000 jobs have been revised out of initially reported data over the last 3 years.
Since 2019, -2,500,000 jobs have been erased from official data, with negative revisions occurring in 6 of the last 7 years.
By comparison, 2009-2010 combined downward revisions were roughly -1,200,000.
What is happening with US labor market data?
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