BLS announces another revision to older job numbers.

We are now looking at over a 900K downward revision, after previously seeing 800K revision.

I honestly do not know if the 900K is a revision of the 800K or if it actually another 900K on top of the 800K. All we know is that the job market was much lighter through 2024 than previously thought.

Either way, the firing of the head of the BLS can no longer be questioned. These revisions show either incompetency or nefarious behavior. Either is a firing offense.

We are now entering a fairly stagnant stage of new job creation. But again, part of the larger problem here is less people entering the work force, more people leaving the workforce due to retirement, and the automation that is replacing various types of workers across the board. So none of this should be as alarming as certain people want it to be. Moreover, it is clear that Donald Trump cannot be to blame for revisions that are going back several months before the election even took place. Not that people are not blaming him.

Meanwhile the Markets are remaining resilient, although I would like to see another run here before the end of the year. My own personal investments have gone up (thanks in large part to Nvidia and Palantir) and continue to rise even as the DJIA has sort of not gotten past the 46K hump. I feel like if it can pass that hurdle and rates come down, we could see a serious bull market heading into 2026. My best guess is that certain people will do their darndest to prevent that (or minimize it publicly) as it would obviously help the GOP in the midterms.