BREAKING: US jobs numbers have now been revised down in each of the last 13 months, by a total of -710,000 jobs.
This means employment was initially overstated by an average of ~55,000 jobs per month.
US job numbers were revised down by another -4,000 jobs in January and -65,000 in December.
This brings the December reading down to -17,000, marking the 5th contraction over the last 9 months.
Since January 2024, there have been downward revisions in 24 out of 25 months.
US labor market data is more unreliable than ever.