The U.S. labor market may not be as resilient as headline data suggests.

Over the past three years, more than 2.1 million jobs have been revised down from the initial Bureau of Labor Statistics (BLS) estimates.

2023: -306,000 jobs

2024: -818,000 jobs

2025: -1,029,000 jobs — marking the steepest annual revision in at least two decades

Cumulatively, since 2019, approximately 2.5 million previously reported jobs have disappeared following data adjustments — indicating that earlier projections of employment growth were significantly overstated.

#USJobs #LaborMarket #Economy #MacroUpdate

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