BREAKING: Payroll Data Was an Absolute DISASTER

Complete mess. Payrolls revised massively lower. The govt discovers three million people and assumes two million were employed this whole time. More important than those, hours are shrinking to the point the average workweek is the lowest its been since MARCH 2020. Strong and resilient, as always. Eurodollar University's Money & Macro AnalysisBLS Employment Situationhttps://www.bls.gov/news.release/empsit.nr0.htmBLS Adjustments to Household Survey Population Estimates in January 2025https://www.bls.gov/web/empsit/cps-pop-control-adjustments.pdfhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU