The US Labor Department just made a massive correction to job growth numbers, and it’s mind-blowing:
🔻 818,000 jobs were slashed from the 12-month total.
🔹 That’s more than the entire population of San Francisco!
🔹 It’s even 160,000 more jobs than everyone in Boston!
🔹 Only 16 cities in the entire US have a population bigger than this revision.
And here’s the kicker:
⏳ This jaw-dropping revision only covers up until March 2024. Who knows what else might be off?
Why does this matter?
🔸 Such massive downward revisions shake trust in economic data.
🔸 Confidence in the accuracy of these numbers is eroding fast.
🔸 2024 is setting records for the most dramatic job revisions we’ve seen.
⚠️ We can only hope these gaps get closed soon before confidence is completely lost.
Stay informed, and let’s hope for more accurate data moving forward! 📊