The US Labor Department just made a massive correction to job growth numbers, and itâs mind-blowing:
đ» 818,000 jobs were slashed from the 12-month total.
đč Thatâs more than the entire population of San Francisco!
đč Itâs even 160,000 more jobs than everyone in Boston!
đč Only 16 cities in the entire US have a population bigger than this revision.
And hereâs the kicker:
âł This jaw-dropping revision only covers up until March 2024. Who knows what else might be off?
Why does this matter?
đž Such massive downward revisions shake trust in economic data.
đž Confidence in the accuracy of these numbers is eroding fast.
đž 2024 is setting records for the most dramatic job revisions weâve seen.
â ïž We can only hope these gaps get closed soon before confidence is completely lost.
Stay informed, and letâs hope for more accurate data moving forward! đ