US Jobs - 2025-02-06

Just in case you had any last shred of faith in government statistics... Massive upward revisions to payrolls over the last two months. Downward revisions over ten years in the annual benchmarking exercise, but far less than estimated before. Ginormous increase in the measured size of the population, both immigrant and native. Scan this data now, distorted as it may be! But also, stay tuned for our longer report later today in which we will straighten it all out.