The Government Just Erased 69% of 2025's Jobs

s increasingly difficult to piece together the true state of the economy.

I've raged about the quality of economic data in this country for years. At this point things have become farcical: the official jobs data is so inaccurate that every year the Bureau of Labor Statistics (BLS) has to revise the prior year's jobs numbers.

Bear in mind, this is after every month is already revised two times.

Yes, despite two monthly revisions for every month, the jobs numbers for the entire year still have to be revised a final time to bring things closer to reality. But by that point, no one is paying attention anymore.

To be clear, we are not talking about small revisions, either. The latest BLS revision just erased 69% of the total numbers for 2025.

No, that is not a typo. 69%.

Initially, the BLS estimated that 584,000 jobs were added in 2025, but after reconciling survey data with more accurate administrative records from the Quarterly Census of Employment and Wages (QCEW), that figure was revised down to just 181,000 jobs—a reduction of 69%.