862,000 JOBS ERASED, THE BIGGEST DOWNWARD REVISION SINCE 2009 FINANCIAL CRISIS.
The annual BLS benchmark revision shows the U.S. economy created far fewer jobs than originally reported.
Total 2025 job growth was cut down to just 181,000 jobs for the entire year.
For comparison: 2024 added 1,459,000 jobs. That’s a massive slowdown year over year.
On average, 2025 saw only about 15,000 jobs added per month after revisions, one of the weakest years for job creation outside recession periods.
This −862K revision is the largest downward revision since the 2009 financial crisis.
Not only that, the total federal employees dropped to 2.68 million, the lowest level in 60 years.
Month by month data was revised lower almost across the board. Some months that originally showed job gains were revised close to zero or negative.
At one point, total employment levels were overstated by over 1 million jobs vs. actual payroll records.
This also continues a pattern:
• 2023 → revised lower • 2024 → revised lower • 2025 → revised even more lower
So for three straight years, job growth has been overestimated in real time. Yes, January showed +130K jobs and unemployment at 4.3%.
But that single month strength sits on top of a labor market that was far weaker through 2025 than headline data suggested.
Now if this trend continues, recession risks rise even more because job creation is the backbone of consumer spending and economic growth.
A weaker labor market increases pressure on the Fed to support the economy through rate cuts, liquidity injections, or even QE if conditions deteriorate further.
So while markets focus on today's strong jobs print, the revised data underneath is pointing to a much softer economic backdrop going forward.
Today’s jobs numbers have exceeded expectations, proving once again that @POTUS’ pro-growth agenda is delivering for American workers.
January’s nonfarm payrolls were up by 130K vs 68K expected, with upward revisions and the strongest 3‑month trend since early last year.
As the economy re-privatizes and re-industrializes after years of reckless government spending, private payrolls were up 172K, pushing the 3‑month average to 103K.
Thanks to President Trump’s tax deals, trade deals, and peace deals, our nation’s economy continues to boom – and the best is yet to come.
7:30 — Fresh U.S. Employment Data 8:00 — U.S. CPI Release 9:00 — CRYPTO “GENIUS” ACT SIGNING 10:00 — FOMC Emergency Meeting 11:00 — U.S. Recession Indicators Release 12:00 — European Central Bank Rate Cut 12:30 — President Trump Speech
8:30 AM → U.S. ECONOMIC REPORT 9:00 AM → FED LIQUIDITY INJECTION ($8.3 BILLION) 11:30 AM → GDP RELEASE 12:00 PM → FED PRESIDENT SPEECH 5:30 PM → TRUMP POLICY MEETING 8:30 PM → CHINA CPI & PPI
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