862,000 JOBS WIPED OUT — LARGEST DOWNWARD REVISION SINCE 2009 🚨

The latest annual BLS benchmark revision reveals the U.S. economy created far fewer jobs than initially reported.

Total job growth for 2025 has been slashed to just 181,000 for the entire year.

To put that into perspective:

• 2024 added 1,459,000 jobs

That’s a dramatic year-over-year slowdown.

After revisions, 2025 averaged only 15,000 jobs per month — making it one of the weakest non-recession job creation years in modern history.

The −862K adjustment marks the biggest downward revision since the 2009 financial crisis.

It gets worse.

Federal employment has fallen to 2.68 million, the lowest level in 60 years.

Nearly every month was revised lower. Some months that originally showed solid gains were cut close to zero — or even into negative territory. At one stage, payroll data overstated employment by more than 1 million jobs compared to actual records.

And this isn’t isolated:

• 2023 → revised lower

• 2024 → revised lower

• 2025 → revised even further lower

That’s three consecutive years of overstated real-time job growth.

Yes, January printed +130K jobs with unemployment at 4.3%.

But that single strong month sits on top of a much weaker labor market throughout 2025 than headlines suggested.

If this trajectory continues, recession probabilities increase. Employment drives consumer spending — and consumer spending drives the economy.

A softening labor market also puts more pressure on the Fed to step in with rate cuts, liquidity support, or even QE if conditions worsen.

While markets celebrate today’s headline number, the revised underlying data paints a far more fragile economic picture going forward.