This is absolutely insane… The BLS just revised US job numbers down by over 1 million for 2025. This is the largest annual revision in at least two decades. But the real story isn’t just this year. 2024 was revised down by -818,000. 2023 was revised down by -306,000. That’s over 2.1 million jobs wiped from the record in just 3 years. Jobs that were reported as “created”, never existed. Zoom out further and it gets worse. Over 2.5 million jobs have been erased from official data since 2019. Negative revisions in 6 of the last 7 years. Do you notice the pattern? For perspective, the combined revisions during the Great Recession were roughly half of what we’ve seen in the last 3 years. Now here’s 2025 in full: – Originally reported: 584,000 jobs. – Revised number: 181,000. – That’s a 69% reduction. April through December 2025? Only 120,000 jobs. 13,000 per month. Meanwhile the Fed was making rate decisions based on data that was fundamentally WRONG. Powell himself admitted the BLS was likely overstating payrolls by ~60,000/month. The real question going forward: How many policy decisions, investment theses, and corporate strategies were built on a labor market that was never as strong as reported? This should concern everyone.​​​​​​​​​​​​​​​​ Btw, i called every market top and bottom of the last 10 years, and i’ll call my next move publicly as usual. Many people will wish they followed me sooner.